Hi Proctologic (the name is too funny!) I too am bullish on EXCL with atarget of $6.50!!
Here is my addition of the Elliott Waves to your shorter time frame chart. I think a little more correction down and then the rise should resume. Note how waves i,ii,iii,iv,v is a very nice impulse. In EW, five waves are always followed by an a,b,c three wave correction. Once the correction is complete, the primary trend resumes. I take requests for in depth analysis and if I can help augment your due diligence, please don't hesitate to ask. Kind Regards, the aim of my blog is to help and do no harm!
Hi Proctologic (the name is too funny!) I too am bullish on EXCL with atarget of $6.50!!
Here is my addition of the Elliott Waves to your shorter time frame chart. I think a little more correction down and then the rise should resume. Note how waves i,ii,iii,iv,v is a very nice impulse. In EW, five waves are always followed by an a,b,c three wave correction. Once the correction is complete, the primary trend resumes. I take requests for in depth analysis and if I can help augment your due diligence, please don't hesitate to ask. Kind Regards, the aim of my blog is to help and do no harm!