Sunday, May 17, 2015

BULLISH BUNCH


Sunday, April 12, 2015

WOCKPHARMA

My long time favorite and a performing counter.

My current counts of the stock are

Super Cycle III ((Aqua)
Cycle 1 
Primary 3 (Dark Pink)
Major 3 
Intermediate V (Yellow)

Nearing end of Major degree wave 3 near 2035.

Most interesting aspect of this count is that it is a nested combo. Generally this combination ends up moving in an extension of wave 5 in Primary degree and carries on till end of wave 3 (Cycle degree). In such a case my count of Cycle 1 becomes redundant. Alternatively, the Cycle 1 wave should end near equality target of approximately 2440.

For now we await completion of the Intermediate degree wave V and Major wave 3. Then we look for corrective wave 4 and confirm the counts.



The stock has been holding on despite wide spread corrective moves in major pharma counters and may join them soon after completion of the current wave.

For those who are not invested in the stock the corrective wave 4 will offer an opportunity to enter for target zone near 2900 eventually.