Rim could be making a triangle. There are alternatives but that would fit best. Target would be about $16/$18 or so. This was the original expectation.
Year: 2013
BBY update
Chances are that this stock will get to at least $14.50/$16. The above is a wild guess as to how it might do it. Presently you are up about $2 on $12 but if that can be stretched to $3 on $12 by waiting another week or so that would constitute a nice 25% in less than a month. $16 is at the top of the range as possible overlap would occur at about that level, so that may stop the rise. We’ll see.
CUA.V, CuOro update
Straight from the company’s website. This one comes from $2.60 in what we expect will become a double zig-zag. In this chart is the second part. This is semi-log scale. Looks like a triangle which could be either a wave 4 or a b-wave. For the moment wave 4 seems more plausible. If correct this would point to a price target of about 15 cents. We shall see.
NOK, Nokia update, not finnished yet.
The then (Dec.26) and now charts;
Granted that it did take a little longer (wave 4 went into triangle mode) , but the low as indicated by the arrow was at around $3 so not that far away from the actual low just slightly under $2, $1.63 to be very precise. This one should go , at least, into the target zone of $5.50 to $7, good for roughly a 100% gain. It may go higher yet (see previous blog) but that would be speculation.