Like most tech related stocks Sunningdale Tech is one of those badly sold down stock at the moment.  It has fallen from a high of $2.34 on 6th November 2017 to an intra-day low of $1.25 on 4th May 2018, a drop of more than 53%.  Putting aside the fundamental, which the company still has a sound fundamental despite the sell down, the technical analysis does look interesting at the moment.     Above is the chart of Sunningdale Tech which I will do an Elliott Wave analysis on.  Starting from the low of March 2009, it hit Wave (1) in 2010 at price $1.145 (adjusted for corporate action such as dividend).  It then retraced almost 78.6% in 2011 to form Wave (2).  This is quite a deep correction as expected for Wave (2).  From then on it embarked on Wave (3) ......