$JSEART - Argent Industrial Ltd: Waves Call For Further Upside
Looking at Argent from the November 2015 low of 302 zac to date, it is clear that the trend is up.
The question that many investors and traders should ask is, "how much longer can this trend remain our friend?"
The EWP helps us to answer this pertinent question.
What we see here are three degrees of trend.
labels (1) to (5) represent the intermediate trend, 1 to 5 and ((i)) to ((v)) the minor and minute trend respectively.
From November 2015 to June 2020, the stock made a sequence of (1)-(2)-1-2 without making much price advance.
The share started to take off in June 2020 in textbook fashion for wave 3 of (3) and then pulled back for wave 4 which looks to have bottomed at 1101 zac.
Whether wave 5 of (3) is still unfolding or complete is uncertain but the larger structure still calls for wave (4) and wave (5) to complete the intermediate five wave sequence.
At this juncture, this is more of a buy and hold setup.
The question that many investors and traders should ask is, "how much longer can this trend remain our friend?"
The EWP helps us to answer this pertinent question.
What we see here are three degrees of trend.
labels (1) to (5) represent the intermediate trend, 1 to 5 and ((i)) to ((v)) the minor and minute trend respectively.
From November 2015 to June 2020, the stock made a sequence of (1)-(2)-1-2 without making much price advance.
The share started to take off in June 2020 in textbook fashion for wave 3 of (3) and then pulled back for wave 4 which looks to have bottomed at 1101 zac.
Whether wave 5 of (3) is still unfolding or complete is uncertain but the larger structure still calls for wave (4) and wave (5) to complete the intermediate five wave sequence.
At this juncture, this is more of a buy and hold setup.
