Look at the chart area that is highlighted in triangle...as well as the ABCDE wave when dropping. I cannot help but wonder if it will follow the same foot steps when the price is recovering.
I would open a long position around $47.50-$48.00 to ride it up. This price level is above Fibonacci Retracement of .786.
I would open a long position around $47.50-$48.00 to ride it up. This price level is above Fibonacci Retracement of .786.
Komen:
Take some profit...