Barloworld released a pleasing voluntary update for the four months to 31 January 2023 today.
Again, I urge you to read it for yourself.
Technically, I see clear Elliott Wave patterns in BAW price action.
The uptrend from 5141 to 15499 unfolded as an impulse labelled wave 1 to 5.
The bear correction is unfolding as a zigzag labelled wave A to C.
Wave A unfolded as an extended five wave impulse, wave B as an expanding flat and wave C I am forecasting will be a smaller five wave impulse and looks almost complete.
I am thus looking for one more move to the downside before re-evaluating the wave structure.
The group will release a further voluntary pre-close update closer to the six-months ending 31 March 2023.
Again, I urge you to read it for yourself.
Technically, I see clear Elliott Wave patterns in BAW price action.
The uptrend from 5141 to 15499 unfolded as an impulse labelled wave 1 to 5.
The bear correction is unfolding as a zigzag labelled wave A to C.
Wave A unfolded as an extended five wave impulse, wave B as an expanding flat and wave C I am forecasting will be a smaller five wave impulse and looks almost complete.
I am thus looking for one more move to the downside before re-evaluating the wave structure.
The group will release a further voluntary pre-close update closer to the six-months ending 31 March 2023.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.