Mar. 21 at 12:18 PM
$CING Using Elliot wave on a single stock vs. an ETF or Index is somewhat like herding cats (cat owner), lol. But we had a clear 5 wave, WAVE I from
$3-
$12. Now we are in Wave II which is typically an ABC correction. Without a delay
$7 would hold and with a delay the target is
$5. Then Wave III the most powerful wave of the move would be 2x wave I (
$9) or
$18 for a target of
$25-
$30. Of course, a buyout or denial (highly unlikely) would change things. So, simple question is do you try and buy
$2 lower and miss
$20 upside? I am long and will simply buy more if a delay occurs because a few extra months vs. 400%- 1000% upside is worth the wait imo. GLTA
