Our target for this stock , on Feb 27th , was between $10 and $13, we have reached $11.25 or so, up about 60% from that point. Higher levels towards $13 are still possible as that is the highest point in the triangle. Given that oil itself has a very good upmove I would caution against overstaying your welcome from here on, read sell.

We recommended this stock at around $6.50, basically on a buy it now type of recommendation. It made another slightly lower low a few days later. This stock is an absolute “model” ewaver in that it does everything precisely as it should. Here is the chart.

Notice that there is a clear triangle, that it breaks the channel (green) but stays very precisely in the new channel red. Also the low occurs right under the apex at a level that corresponds with the triangle’s mouth. As this one is so well behaved it should go to the high point of e $10 or right to the top at $13. Time will tell.

It is, by the way, possible to count this one without the triangle, however that requires a failed 5 of 3 with wave 4 equal to wave c in the triangle. Then 5 down to the low. This would target $11 as a minimum so it is mostly academic.

This one is perhaps nicer than PD, it comes from $35, earns 20% and trades at a P/E of 3.7, all of which is meaningless if not for the chart. We have a nice triangle, that may or may not actually be one but nevertheless has that shape and consequently will have some of the same properties. Not sure if the last leg might not need one more small low- the RSI (relative strength indicator) suggests not. Buy it anywhere here and a move to $10-11 is pretty certain