sorry commodorecontrarian - I only just saw your question...
the time frame for the EW wave count I posted earlier would be for a reversal in the next week or two and then the C wave rally towards $8.47 should unfold within about 6 to 8 months. All of that goes out the window if KAR trades below $3.75.
like I said earlier though, the chance of success is low due to the sloppy pattern in the chart.
I think KAR is stuck in a larger more complex corrective pattern that could take another 6 to 12 months to conclude.
There is another less complex EW pattern that is a decent chance (COS probably about 25%), but I will only mention that if $3.75 is breached.
elliott wave count, page-16
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Last
$1.88 |
Change
-0.055(2.84%) |
Mkt cap ! $1.509B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.88 | $1.84 | $16.72M | 8.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 271337 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 56082 | 6 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| KAR (ASX) Chart |