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@stevo 111 Comment as requested:Expected path as marked. Appears...

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    @stevo 111 Comment as requested:

    Expected path as marked. Appears to be commencing a new EW 5 cycle sub wave rise. Based on the RSI it appears subwave 1 is complete and wave 2 has commenced. I estimate a target of 10 by the indicated date (green vertical column), and then wave 2 should go to 19 by the indicated date, assuming the FA that drove it through the first cycle are still current and no black swans appear. The lower chart shows a pattern basis which at the moment is a flag forming with a 4c pole and a probable break around 10 and an expected target of 14. So I'd guess the range is between 14 and 19 by 26 Jul. I'd be leaning closer to 19 than 14, as there should be 2 more flags in that sequence 4 + 2 -1 = Target of 19 again.

    At that point it could extend or retrace. One would need to consider the matter at that time, woever it would be forming a W or cup and could easily extend another 50% of the height before retracing and launching wave 5.

    I know nothing of the FA of this stock, this is based purely on the TA and would need to be moderated by FA considerations.


    https://hotcopper.com.au/data/attachments/3274/3274723-b1f879182dab80399515ac6121ea7e6e.jpg

    https://hotcopper.com.au/data/attachments/3274/3274731-21ff5a1ed8ec0d93dc60805b88cb16c3.jpg

 
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