ASQ 11.1% 3.2¢ australian silica quartz group ltd

chart, page-4

  1. 561 Posts.
    No problems. A couple things to add.

    Fib Ext of wave 3.
    38.2%: 1.58
    50%: 1.67
    61.8%: 1.75
    100%: 2.05
    161.8%: 2.45

    As wave 5 should be less explosive than wave 3, my prediction would be closest to the 38.2%, i.e. $1.58 target. Using speed angles I picked up from Robbbb's videos I get a $1.40 - $1.50 target, depending on if it moves now, or bounces off Fib support at $1.05.

    Although I think this set of waves will stop around 1.50, I would not be surprised if it continued beyond this in the mid term, and would be surprised if it didn't surpass this in the long term. The story is just amazing, and as soon as some of those non-binding MOUs actually mean something, I think this will take off. This last paragraph is not technically based, just my speculation.

    Wave 1: 12 days
    Wave 2: 8 days
    Wave 3: 28 days
    Wave 4: 21 days so far

    In my honest opinion, any day now.

    I should reference, the "Wave 1: ... Wave 2:..." was sourced from wikipedia, which was sourced from Poser, Steven W. (2003). Applying Elliott Wave Theory Profitably, John Wiley and Sons , pages 2-17.

    DYOR! Not financial advice!
 
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