SW, Sierra Wireless

sw jan 13 2016

After an extended wave 5 into the peak of $57, the stock turned around and fell 67% or so right into the 4th wave of previous degree. It does so in a very nice 5 wave move so a rebound to $35/$40 is a distinct possibility. After that a second 5-wave down should follow.

This particular stock was brought to our attention by a good friend who normally scans the horizons for other things from his yacht at sea.