Green Packet has just completed a double bottoms with high volume. It has completed major wave (I) and (II) and wave 1 and 2. It is forming its wave 3 at the moment.
From the 6-month candlestick chart, it is at sub-wave iv of wave 3. If sub-wave v, which is usually unpredictable, if well behaved, v should be able to reach Rm 1.20. If so, its wave 4 pullback is likely to form an inverted head and shoulders.
No comments:
Post a Comment