Completed its minor wave 2 (of larger cycle wave 5) with more than adequate retracement, which is normal for wave 2s as they question the validity of rise of wave 1 from extreme pessimism. Since adequate retracement has been achieved, the probability of substantial fall is low. It should target to achieve its goal of 1582 by Mid / end July and 1754 by Aug. Sep.24 (1.5 years) target around 3300.
I am long on stock.
Disclaimer : The contents herein are my personal views, with an objective of seeking views and comments from traders community at TV. Nothing contained herein should be construed as an advice, offer, inducement or encouragement to buy or sell any shares, security, derivatives linked to the security, debt security or any other security of the company mentioned herein. The readers must make their independent assessment and evaluation of the company and its securities, and should take advice from their financial advisors before entering into making any financial decision, without relying on anything contained hereinabove, or views given as addendum or comments hereafter. The author shall not be responsbile or liable, directly or indirectly, for any loss or damage caused to the reader, or any other person or third party, whether pecuniary or otherwise, whether in present or in future.
I am long on stock.
Disclaimer : The contents herein are my personal views, with an objective of seeking views and comments from traders community at TV. Nothing contained herein should be construed as an advice, offer, inducement or encouragement to buy or sell any shares, security, derivatives linked to the security, debt security or any other security of the company mentioned herein. The readers must make their independent assessment and evaluation of the company and its securities, and should take advice from their financial advisors before entering into making any financial decision, without relying on anything contained hereinabove, or views given as addendum or comments hereafter. The author shall not be responsbile or liable, directly or indirectly, for any loss or damage caused to the reader, or any other person or third party, whether pecuniary or otherwise, whether in present or in future.
评论:
Minor wave 3 crossed 2.0x without completing pattern, next target for this wave 1862. Stop Loss 1628
交易结束：到达目标
If the downward wave after hitting high of 1559 takes a 3 wave pattern, then the upward movement would continue, else, further fall would be more probable.
As of now, closing long position to wait for next trend to emerge - whether up or down.