The above was sent to me from a chartist mate of mine who understands Elliot Wave theory.
As we move towards commercialisation in the 4th quarter and further expansion and development in Q1 2018 it is worth trying to delineate targets.
The current price action is unfolding in a classical Elliott Wave pattern of 5 waves.
Note that wave 2 and wave 4 were exactly the same percentage corrections.
If wave 5 is equal to wave 1 the target for EPT is 14c
EPT Chart, page-512
Add PCK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.8¢ |
Change
-0.002(6.67%) |
Mkt cap ! $45.84M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 2.9¢ | 2.8¢ | $7.462K | 257.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1209083 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 60000 | 1 |
View Market Depth
| Last trade - 14.48pm 18/11/2024 (20 minute delay) ? |
| PCK (ASX) Chart |