the price movement is very impulsive. It has completed the wave 3 of a smaller degree which is now correction in terms of wave 4. If the price move according to this analysis , then the next price target would be $13.50.
Wave 4 is hovering just around the 200ma indicating that the price is go flat for a while. The next resistance to break is the high of the smaller degree wave (3).
Wave 4 is hovering just around the 200ma indicating that the price is go flat for a while. The next resistance to break is the high of the smaller degree wave (3).