paper_value

ASX Star Combo Pharma

Long
paper_value Updated   
ASX:S66   STAR COMBO PHARMA LIMITED
S66 has just started trading last week. It has a good run up to above $2. I believe this is Wave 1 of Elliot. The price has dropped a bit at writing and if I am not wrong, corrective wave 2 will probably hit between 0.5 to 0.618 in the next few days. If i were to trade, i would look for entry below $1.30 between 0.5 to 0.618 fibonacci. At writing, there was a bounce at 0.384 fib @ about $1.40. If my charts are correct, we are looking at corrective wave B of 2 then C down to 0.618 fib. We shall see.



ABOUT THE COMPANY S66
Comment:
Follow through.

Comment:
Follow through.

My buy target levels hit.
Comment:
Falling wedge break out.

Trade closed.

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