SamSuka
The Long Investor
The Long Investor

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$ELF - RC -

Wave 5 now after Wave 4 comfortably found support on the 0.38 Fib, which is the standard pull back Fib for Wave 4.

The price has already jumped very aggressively from $88 on the 0.38 Fib and it at $154 right now.

I believe this in its final subwave now of Wave 5 and I would be watching for this to complete at any stage above the 0.618 Fib at $162, this can run higher to the next Fib at $182, depending on how many people chase towards the top.

$ELF - RC -

Comments

I do like when Wave 4 hits the 0.38 Fib exactly and bounces.....I wouldn't be chasing here tho

Gareth Neary

It's a favourite of Saul's investing room on the Motley fool.

Lyndon Richards


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