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Splunk Inc (SPLK - NASDAQ) - Impulse wave pattern
Splunk Inc (SPLK - NASDAQ) is in impulse wave pattern. It has completed 4th subwave of 3rd wave up. It is moving up in 5th subwave of 3rd wave up. So small pull back within 5 min time frame can be used to get in to trade for new high. This is out-performer to SPX. In weekly time frame, it is in 5th wave of C wave up.
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