As of right now, SolarCity looks like its in a massive flag on the weekly. Its hard to count EW with an equity that has only been around since 2013, but I'm going to go long soon, and see if this flag plays out. I have a triangle target of around 87, but it will become more accurate to measure from when (if) this e wave completes its down turn, and bends up.
Im looking for entry soon with a tight stop below the a-c trend line (around the 40-45 zone). RSI is already oversold on the daily.
Also good to keep an eye on other solars in the sector! See if they are also due for a rebound.
Would love to hear some opinions from other Elliott counters!
Im looking for entry soon with a tight stop below the a-c trend line (around the 40-45 zone). RSI is already oversold on the daily.
Also good to keep an eye on other solars in the sector! See if they are also due for a rebound.
Would love to hear some opinions from other Elliott counters!