Charts, page-4336

Current chart. Note timing is guess work and probably completely wrong, and targets have been revised because Wave 1 went higher than yesterday. Note it did retrace as predicted and hit the top of the retrace target range, so on the face of it W2 has completed, although it has not quite reached the target I predict here, by about 1.5 cents, and I am still a little hesitant the call it yet (hence note I am still not holding). When I do trade it on this cycle my trade will be somewhere between 15000 and 30000 shares, but where it is sitting right now it could go in either direction, a break above 386 would probably be a strong up signal at this point, but it is hovering which leaves me uncomfortable. Regardless I have done the chart as if wave 2 is complete, and from that we have the projections for the rest of the 5 wave cycle. My instinct is that this will be another 2 cycle rise (at least on the minute charts) so I suspect the retrace (in red) will prove wrong, and in any case, at this point is always very much a guess. A couple of things are bothering me, in particular the range on W5 is a bit large (443 - 465), I'd prefer both estimating approaches to be closer together, so it is likely that W3 will prove too low, or W4 wrong in some way, or something else that will happen has not happened yet.

Anyway, assuming wave 2 holds as is (and the nascent wave 3 does not fail) the w3 target is now 428, w5 target 443 - 465. W4 rebuys at 406, and the post W5 retrace set to about 399 (but if this is a 2 cycle rise, then the rebuy will be a lot higher, more like 420 - 425, and really hard to capture at that price as you just won't know until it is too late, so it will be a leap of faith). I think it will need another announcement of a signing around then, or it will become a head and shoulders pattern, and the shorters will have their fun, so a lot hinges on what management does. I am reasonably confident that once the cycle starts it will run to completion, but not at all confident about after that. I think for safety we kind of want this cycle to be a bit drawn out. The longer it takes to get to W3 peak, the longer management have to get a new signing in place. After W3 the risk starts climbing rapidly. The problem I see is that W3 could easily happen mid next week, and that is probably way too fast.

In the light of that W2 continuing into early next week with a little retrace to circa 367/8 might actually be a good thing as it will buy more time (basically another week or 2 pushing the W3 peak out) for management to get another signon.