I have been watching this stock for months. I started to realize Elliot wave theory was occurring once it did the first 5 waves in Dec 2017. From then on it looks like It did a double three wave followed by an ascending triangle with the E wave overshooting just as Mr Elliot has theorized . However I am not sure at what stage the larger trend is in . I believe that the first 5 waves indicate wave 1 and then the WXY plus the triangle are Wave 2 however , it is said that wave 2 never or rarely ever does a double correction on those corrections only occur in wave B or wave 4 but if correct would indicate the start of Wave 3. If anyone has other interpretations please post.
Trade active:
The RSI trend has been broken and the MACD is about to cross the 0 line.
Comment:
Trade active:
There is also a bullish pennant breakout