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lonercapitalist

Bearish price action for the next several months

Short
AbCellera Biologics Inc. (NASDAQ:ABCL)  
lonercapitalist  
NASDAQ:ABCL   AbCellera Biologics Inc.
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
Abcellera is undergoing a massive selloff in a zigzag pattern. Waves A and B are done, and wave C is usually 1.618 the length of wave A, especially since wave A is a leading diagonal. Expect further downside to the 6.30 region. Nevertheless, I do see a relief rally coming up soon, maybe around the 12.65 area.
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