GSFC- Cracking 45 points in all & now channel break

20 ott 2016

It all started when I wrote about this stock with seller's paradise 81-83. We saw the fall in the range 71-73 (As per closer look)- which was internal ii-wave & later explosive move iii-wave then pullback to 85-86 in internal iv-wave & finally v-wave at yesterday's high@96.75.

I have shown by arrows how we travelled in internal waves back to back.

What Next
On the larger count- it is wave -3 yellow, which is functional -largely looking to travel 161.8% of yellow wave-1 which comes to 110-112 zone from long term basis.

Yesterday we got a channel break on the upside which indicates that it has a long way to travel -we just need GSFC to stay above that channel.



Up -Up & Away - Nailing the iii-wave