ROG Chart

Have started this thread as I couldn't find and existing one for ROG. Trying hard not to make a habit of this.

Anyhow....

I'm assuming all the price action for this stock since 2009 has been for it's own. You can see it's made a very clear 5 wave move down and with the ANN and attention it's made recently has started the corrective move up. The rule to apply here is corrective moves, after a 5 wave impulse down, usually takes it to around the previous wave4 zone of the move down.

So for ROG that lands in around 4c - 16.6c. I'm not able to get a more precise TP as not enough price action has unfolded. (I'm not usually this vague)



You can see with the close up, that at present there's no divergence on the RSI as yet. This makes me lean towards another move higher to take it to another high. And for all those ppl who love to trade gap closes. There's that gap to 4c.



A conservative TP on the next move up should take it to around 2.2c before we see further consolidation if this count is correct.



Needs those positive ANN's to make this happen though.

MK
#DYOR.