Looks like a very harmonic beautiful completion of three drives shall be taking place, but before this happens there's a very good long to take advantage of to the upside. After this final bullish impulse move to the 1.618 extension area, we may have the sell off for the 3 drives, or we may not.
To be honest, the stock could probably surpass the suggested target but we just have to wait and see. But for an upside target, with the stock at such a low price, the profit would be notable with an asset increase of 20 percent profit. Even from where price is now.
Weekly chart looks very nice for this move to confirm as well.
(I bought on 3/23/2015 on the spike, which then almost stopped me out because we had a bad day after the high of the "hammer" day. Thankfully not stopped out so caught a lot of this move.
Price also just broke a sideways resistance range, explaining the aggressive buying today on optimism.
Thanks
Tom
To be honest, the stock could probably surpass the suggested target but we just have to wait and see. But for an upside target, with the stock at such a low price, the profit would be notable with an asset increase of 20 percent profit. Even from where price is now.
Weekly chart looks very nice for this move to confirm as well.
(I bought on 3/23/2015 on the spike, which then almost stopped me out because we had a bad day after the high of the "hammer" day. Thankfully not stopped out so caught a lot of this move.
Price also just broke a sideways resistance range, explaining the aggressive buying today on optimism.
Thanks
Tom