Comments from July and October last year, see previous blogs.
The stock did exactly that. The low was at $33.54. My (educated) guess is that the first wave is complete and that we are doing 2 right now. This wave 2 could, repeat could, continue to say $44, the apex of a triangle. I am sure some of you will think that this count cannot be correct as wave 3 looks to be the shortest. However if you look carefully it will become clear that it is indeed the longest. Stay out! By the way, the p/e is still well above 30 according to Bigcharts.
The target of “say” $44, made 4 months earlier was , of course, wrong by $0.26. That really makes you wonder if EW works. Next is wave 3 down to below $25.