PACB, More than 100% profit for Mid term investment!
PACB is a real chance for mid and long term investment. Follow the analysis if you want to find out the details.
Stock's trend is clearly up. There are still two large up going waves to complete the whole Elliott wave cycle.Wave count labels have been shown on the chart. Correction (wave 4 ) of labeled up going wave 3 ( from 2.2 to 53.69 !) has more than likely been completed at 0.618 golden ratio retracement around 21 USD.
It seems the stock has started the new rally (wave 5 of (3) ) after correction and completed wave i and now is completing wave ii of 5 of (3). Good entry point may be around 23 USD which corresponds to 0.786 retracement of wave i .
Our first target is a new All Time High around 61 USD which is a strong resistance to form by 1.272 extension of wave 4 and 0.786 projection of wave 1-3.
After completion of wave (3), We probably see a retracement down to 31 or 24 USD corresponding to 0.5 and 0.618 Fibonacci levels. Then we will have a new and final up going wave (5) before the BIG SHORT !
In terms of timing , Chart is just a schematic drawing So, I kindly ask you to disregard the dates on the chart.
I hope this analysis to be helpful and wish you huge profits.
Stock's trend is clearly up. There are still two large up going waves to complete the whole Elliott wave cycle.Wave count labels have been shown on the chart. Correction (wave 4 ) of labeled up going wave 3 ( from 2.2 to 53.69 !) has more than likely been completed at 0.618 golden ratio retracement around 21 USD.
It seems the stock has started the new rally (wave 5 of (3) ) after correction and completed wave i and now is completing wave ii of 5 of (3). Good entry point may be around 23 USD which corresponds to 0.786 retracement of wave i .
Our first target is a new All Time High around 61 USD which is a strong resistance to form by 1.272 extension of wave 4 and 0.786 projection of wave 1-3.
After completion of wave (3), We probably see a retracement down to 31 or 24 USD corresponding to 0.5 and 0.618 Fibonacci levels. Then we will have a new and final up going wave (5) before the BIG SHORT !
In terms of timing , Chart is just a schematic drawing So, I kindly ask you to disregard the dates on the chart.
I hope this analysis to be helpful and wish you huge profits.