In the last post I did on this stock I mentioned 3 ideas that could be possible, fast forward and whilst we have many swings over the last 2-3 months, the actual price action is no further forward, it’s pretty much moved sideways. The recent gyrations could be counted as a possible running triangle for wave [4], however the time taken so far is rather large compared to the time taken for wave [2], so it’s a slight concern for the bullish case.

The bearish case is not exactly firing on all cylinders either as the lack of a strong breakdown under 320.00 is still giving the bulls a possible setup for a new all-time high. Whilst it’s above 327.50 the bulls can still suggest new all-time highs to end wave [5]. If a top was really in, then I favor it stays below 360.00 and a big move under 327.50, then 320.00 is seen to argue for more weakness.

Prior post :

Alt idea

Top is in, holds below 360.00 a big move under 320.00 is seen to support a breakdown.

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