Long
CMBM Preps for Successive Pump and Dumps
Cambium Networks Corp has undergone a steep 77% drop in value over the past year. What may seem like a red flag for many investors seems to be a safe play for me (and the Digital Surf Trading Community). In Elliott Wave speak, the current patterns at play for this stock are likely that of a Wave 4 (Extended Flat correction) where (c) wave has completed a rare drop to the 2.618 fib, compared to the levels of Wave 4's (a + b) waves (see totality of Wave 4 in yellow).
Considering the size of Wave 4, Elliott Wave Theory suggests that we are due for a test within the range of the red box. With Wave 3 being tremendously extended, Wave 5 is likely to be a volatile move filled with sizeable upside and downside swings. With good timing, this stock could prove to be a scalper's favorite for the next year or so.
Within the DSTC catalog, generally I like to document and follow stocks with a minimal 20x trajectory however due the current nature of the markets, not many of our premium mappings are ready for action yet so 5-10x will suffice for the time being.
Like this idea and comment below should you get active and become profitable as a result of this idea.
Considering the size of Wave 4, Elliott Wave Theory suggests that we are due for a test within the range of the red box. With Wave 3 being tremendously extended, Wave 5 is likely to be a volatile move filled with sizeable upside and downside swings. With good timing, this stock could prove to be a scalper's favorite for the next year or so.
Within the DSTC catalog, generally I like to document and follow stocks with a minimal 20x trajectory however due the current nature of the markets, not many of our premium mappings are ready for action yet so 5-10x will suffice for the time being.
Like this idea and comment below should you get active and become profitable as a result of this idea.
노트
Misplaced 1 & 2 waves ---노트
The idea of Wave 5 being a diagonal wave is yet speculation, future price action should give more clear indication. A test of the red box is ideal nevertheless.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
The first platform delivering financial market intelligence on an immutable blockchain ledger. Live performance + free 6-month trial at elwasci.io.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.