Centrica PLC - Is that an ending diagonal?

If my count is the correct one then I am expecting a decent rally in this UK stock possibly above 300.

Yorum:

Was expecting more of a bounce at the 61.8 correction but it looks like this share is continuing on its downward path unless this morphs into a more complex correction. It turned back down at the 30% fib retracement. With the latest government announcements on proposed price caps and Labour threatening nationalization things might be a bit gloomy for now.