The last time I wrote about this stock was here. In that article, I called for a 60% rally in the stock, and we got that.
From that high, it has collapsed 90%, but I think things are about to get interesting.
Of all the stocks I take a look at from time to time, perhaps none has made a cleaner impulse wave than this one. From the COVID crash low, there’s a clear 5 waves up, 3 waves back. target is the orange box.
No, I cannot explain why it would do this, but I think it is going to do it.
