$CDR making it hard for traders with its recent price action. The most obvious would be to call the 5-wave down from B an ending diagonal, but $CDR could potentially face more downside in the coming months since they have a Class-Action Lawsuit on their hands (and maybe other lawsuits on the way). The earnings report coming out in March might also be a flop because of the refunds and removal of CP2077 digital copies from online stores.
Consider the following chart as an alternate EWT wave count before buying the dip.
Consider the following chart as an alternate EWT wave count before buying the dip.
Comment:
At this point, the price has dropped roughly by -64%. The next major support is at 124 PLN. I think this is a great opportunity. Since the IPO in 2012, CDR has three -30% dips and two -40% dips from the ATH at the time. Upside price action is just around the corner and looking at it historically won't take for CDR long to recover.