Wave count on monthly chart showing bottoming with confirmation in form of huge accumulation. Fresh wave up likely to start soon.
This is wave end of Cycle degree so it offers investment opportunity for Long Term investors. Accumulation process goes on for quite some time and during this phase stock normally moves very hesitantly in short term. Momentum picks up in the 3rd wave of Primary degree after a fair correction in wave 2.
In long term stock should scale minimum 650 or more.
Chart in quarterly time frame.
This is wave end of Cycle degree so it offers investment opportunity for Long Term investors. Accumulation process goes on for quite some time and during this phase stock normally moves very hesitantly in short term. Momentum picks up in the 3rd wave of Primary degree after a fair correction in wave 2.
In long term stock should scale minimum 650 or more.
Chart in quarterly time frame.
Is there any change in the view now...
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