Saturday, September 26, 2015

A Potential Trade Setup by Mamta

A great company from the aquaculture sector,
Waterbase ltd , has rewarded patient investors handsomely. Even after this wave counts show that the stock should go North from here on.
Prices advanced in a major 3rd wave n saw a mild correction. Note that prices followed the alternation principle. Wave 2 was deep and time consuming hence wave 4 ended with a brief correction. From there on prices have been trading on the higher side. To add a bit more of a confirmation to the analysis, look at the volumes. The way they were subdued in the corrective phase. Action started building up when prices resumed wave 5. Expect the stock to move to a minimum level of 160. It is a potential trade setup to trade this volatile market.