I updated about this stock a while ago.
The correction took a little longer than I anticipated last time.
It has turned out to be a complex form of correction.
So far looks like 2 set of ABC and each connected by wave X.
We mark it as WXYXZ and now the last set denoted by Z is under formation.
As per books the Z can be in form of triangle, or a simple ABC as previous ones.. or even be a single leg.
So wait for a little more and then it will be good to hold for long term.
Lets have patience with this stock.
All the best.
The correction took a little longer than I anticipated last time.
It has turned out to be a complex form of correction.
So far looks like 2 set of ABC and each connected by wave X.
We mark it as WXYXZ and now the last set denoted by Z is under formation.
As per books the Z can be in form of triangle, or a simple ABC as previous ones.. or even be a single leg.
So wait for a little more and then it will be good to hold for long term.
Lets have patience with this stock.
All the best.
