$JSERLO - Reunert: Loss of Momentum But Still Pushing Up
See link below for previous analysis.
The triangle outlook has been invalidated but prices has continued upwards as forecasted but with much reduced momentum compared to wave .
The support trendline is firmly intact but price action has been very choppy from 5370.
It is likely that the stock is forming an ending diagonal for wave .
I am always cautious when a stock is trading in its fifth wave so I will be neutral to slightly bullish at this juncture.
The triangle outlook has been invalidated but prices has continued upwards as forecasted but with much reduced momentum compared to wave .
The support trendline is firmly intact but price action has been very choppy from 5370.
It is likely that the stock is forming an ending diagonal for wave .
I am always cautious when a stock is trading in its fifth wave so I will be neutral to slightly bullish at this juncture.
