Massive cup & handle. Wave 5 target of 297, defeating ATHs

Mothersonsumi is forming a beautiful elliot wave formation & looks like it will defeat the ATHs of 260-270. Also, it is seemingly doing a massive cup and handle formation, from Jan'18. It is above all daily EMAs for now.

Invalidation levels: 200 or a high volume drop from 200d ema

Yorum:

This has worked beautifully so far. Since wave 4 low, this has formed higher highs and higher lows & is now testing the 238 level. Might see a sideways movement and then a break towards past high!