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BCEI: Possible Ending Diagonal to Spark Huge Rally

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NYSE:BCEI   None
Elliott Wave EW elliottwaveretracement wave wavetheory waves glennmercer gmercerfx Stocks Equity usequities BCEI Ending Diagonal trendcontinuation
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elliottwaves ew elliottwaveretracement wave wavetheory waves glennmercer gmercerfx stocks equity usequities bcei endingdiagonal trendcontinuation
BCEI may have completed an ending diagonal at the end of wave C of a zig-zag correction. This could send the pair on a rally toward its price target at around $9. In addition to the wave count, the current level is confluent between .618A=C, 1.786i=v, and iii=v which are all important levels to watch for support and resistance, especially toward the end of the final wave in the sequence. It should also be noted that the stock has a price target of $9 according to research analysts at KLR Group.
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