TESO - Tesco poised for a rally

The plunge from 36.70 to 5.10 has unfolded in 3 waves. However, wave (c) didn't exceed the extreme of wave (a) so after a correction there is still the possibility that wave (c) will extend. This stock is close to zero so there is not much room to extend. Either way, a rally from here to 12 is likely.