STEM Likely Bottom

2024년 5월 20일

Felt an urge to publish this one; very clean wave pattern. The only problem is that wave 3 should not be the shortest wave and this appears to be the case within wave 5. Make of this what you will but I am prepared to put it aside. Swing trade target is $3 for me. Longer-term, probably a 10x from here to $13...

2024년 5월 20일

노트

Forgot to mention that the alternative wave count is that price is actually at the bottom on wave 3 of 2 of 5; this would account for the discrepancy with wave 3 of 5 being too short in the first scenario and would mean a way to go before price finally bottoms out. A rally in this case would likely not pass $2.33 before continuing the downtrend in wave 5 of 3 of 5.