Cameco just kept going (but did not quite reach the original target), but I thought it was a buy at around $24,50 or so. So we are essentially flat on the trade. I still think this one will go to $30 as a minimum, and it should do it fast. The count may be wrong, it may just be 5 down but the end result is the same. Time will tell.
I fully expect that is you own this stock at $3 (say), you could make a dollar or even two profit, perhaps a lot more. Even so, as I am missing a 5th wave, I would recommend exiting the position early rather than later. In the end everything is about the conservation of capital!
It is pretty hard to be wrong , even for just a little while, I hope. TRE , CCO and RIM, all three played games one way or another but all are at or around recommended levels.RIM is particularly interesting having dropped about 62% from the high in March. We may not like Mr. Fibonacci but he is everywhere!
If there is a problem counting a move, invariable you can rely on this formula, 5 is normal, next stop is 9, 13, 17 etc. etc.(remember the old formula regarding spaces between trees, n-1) , all are still 5 wave moves. Next stop, I hope,$42. This was an extended 5th wave., which typically retrace to the top of wave 2 of 5.
The stock may have peaked the other day at $89+