Sanofi (SNY): Corrective Bounce in Progress
SUMMARY
Note: For anyone who missed the BitcoinLive Information Webinar, here is the replay link: https://www.youtube.com/watch?v=32l40SNYOp4
As of June 4, ALL Crypto Analysis will be posted on the BitcoinLive channel and Steemit will be dedicated for Equity, Commodity and Options Analysis. To Signup for the BitcoinLive limited Founding Membership slots, use this link: https://get.bitcoin.live/haejin/
__
Sanofi (SNY), a dear son of France Pharmaceutical Industry, had delivered some awesome profits to its shareholders of 99,753% from 1998 to present day!! WOW! I believe Bitcoin (BTC) can deliver this level of profits!! However, SNY is currently undergoing a requisite correction as can be seen in the below chart. The white impulse of 5 seems quiet complete and the early phase of the correction shows to have patterned out a downward wedge. So, is the correction complete?
Given that the price move since the wedge has been very overlapping, it's like to be a bounce as shown below with red B. The subwaves of B (white) show that c up is likely to be the next price move. The red C down needs to be lower than the start of A. The MACD should bounce to support the coming c of B wave bounce.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
Thanks for being Frank.
And if I must say, you have alot of cool stuff there .
Well done @haejin.
@haejin please up vote me
I always follow you because the post is good and very useful for me, thanks to @haejin share your knowledge
@haejin woww,very interesting information to read, thanks for sharing boss.
Good news after long time
SNY in the title, GILD in the charts?
This is my guess here.
