If 0,16 CAD hold, then we can reach 0,39 CAD

Risk Analyse: For Elliott Wave, we need a liquid stock value, but maybe this is also an opportunity, as Canamex plans to launch its own gold token later this year. In addition, if the drill results are good, the 0.39 CAD could be achieved. With a current entry to 0.19 CAD, the stop loss must be 0.16 CAD. Since it is an illiquid stock, the size of the position must be taken into account. If Canemex go under 0,15 CAD the Count is wrong!

Yorum:

Interesting is that wave a = wave c, so the Count can go in the right direction.