Continued from Creative Technology Analysis (2)
As mentioned in Stock Incubator -- Creative Technology blogging of any technical analysis shall be ceased so here will be the last post to summarize up all the analysis so far and what's expect going forward.
The recent weakness in global stock markets have in a way invalidate the previous wave count. From the look of it, there are 2 possible wave counts.
Wave Count 1 (Blue)
Since the drop from $10, it has developed into a large ascending triangle with (a), (b), (c) and (d) of the triangle being formed. The fall to intra-day low of $5.51 on 11th Oct 2018, dropping out of the triangle shall be considered as wave (e) of the triangle doing an overshoot. As such, the triangle pattern has completed and the rebound now should see it breakout from $7, the upper boundary of ......