OTC Open Text May 7

To update the situation with Open Text, one of the few stocks where we were bearish in the past two or three months (the other being WMT that behaves like the rock of Gibraltar), the following chart;

OTC May 7

Remember, see archives, that this stock had multiple tops at about the same level over many years, again we have a precise double top, I assume the first one is the real one but I cannot be too confident about that. Anyway ,since that point ,we are down to $35 or 20% from the top. This is most probable wave 3 and incomplete at that. $27 remains initial target despite  the need for a little relief from an oversold position.