A rally to exit
Senco CMP 1028
Inverted V- that's a directional signal and preparing you in advance, that the fall has just begun.
Fib- the stock is at fib and trendline support. Hence a rally from here is very likely. In my view 1259 is a high probability from here.
Elliott- The A leg of the correction has 5 waves hence this is the first leg of the 3-wave correction. The B wave can go all the way to 1400.
Conclusion- since I can see the Inverted V I will not want to push my luck. In my view one should book it around the 1260 zone.
Inverted V- that's a directional signal and preparing you in advance, that the fall has just begun.
Fib- the stock is at fib and trendline support. Hence a rally from here is very likely. In my view 1259 is a high probability from here.
Elliott- The A leg of the correction has 5 waves hence this is the first leg of the 3-wave correction. The B wave can go all the way to 1400.
Conclusion- since I can see the Inverted V I will not want to push my luck. In my view one should book it around the 1260 zone.
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