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Registered User
Joined: 12/8/2004
Posts: 1,301
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This stock has a good chance of going to 19.00 in the next month or so. It is in buying position right now. If the stock drops below 13.45 I'm wrong, but I don't think it will happen unless we have a major market correction.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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I say if it drops below 13.45 I am wrong but keep it on your watchlist, because this stock has a perfect elliott pattern. My software didn't find this one, I did in telechart.
I know the chart looks crappy, and we could have another swing down. The stock appears to have completed wave 2, but if it has not completed it, it should only have the potential to drop to 13.05 from here before it starts its wave 3 uptrend. So if it does drop below my original 13.45 keep watching and as long as it doesn't drop below 13.05 you will have a nice profit.
It has given 3 buy signals in the last three days, but the stock may move up and then down again (ABC wave 2), but it should not go below 13.05 before it makes a large upswing.
This is the same method I used to find SIRI, but this pattern is much better and a better elliott waveform.
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Registered User
Joined: 12/31/2004
Posts: 382
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Brks is a buy on monday if BRKS start going up but if it goes below 13.05 then its a know go.but only at the end of the day.I have watch you been dead on before catch the falling knife. I would like too see the numbers you play around with .Like what was the lenth of wave one and 2 is not done yet but it could be done....tis have too wait in see
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Registered User
Joined: 10/12/2005
Posts: 90
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Hi guys
This stock is not going to hit $20 in the next month, if it does, i will eat my hat.
Matt
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Registered User
Joined: 10/12/2005
Posts: 90
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$19 sorry.
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Registered User
Joined: 10/12/2005
Posts: 90
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Sorry if that sounded harsh lol, i cant seem to "edit" my post.
Just be careful.
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Registered User
Joined: 12/8/2004
Posts: 1,301
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Well I'm in at 14.01.
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Registered User
Joined: 10/24/2005
Posts: 101
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HaveNoCents,
Is this stock still behaving as you expected?
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Registered User
Joined: 12/8/2004
Posts: 1,301
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Right now it seems to be going nowhere fast. It hasn't reached my stop, and it hasn't reached my target. The stock is beginning a wave 3 uptrend but it has some overhead from its wave 2 downtrend. I'm still bullish.
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Registered User
Joined: 10/12/2005
Posts: 90
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:)
This stock was never going to hit $19 in the next month, i gave it 5 weeks before posting again.
You cant play the daily if the weekly is going against you, and you certanly cant play the weekly if the monthly is going against you.
Have a nice day.
Matt
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Registered User
Joined: 12/8/2004
Posts: 1,301
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I said in the next month or so!! It does look like a bad call and I got out of the stock quite awhile ago.
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Registered User
Joined: 1/13/2005
Posts: 12
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HaveNoCents………BRKS reported earnings after the close yesterday. If the pre-market action holds and it closes up strong would this confirm start of wave 3.
Thanks in advance
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Registered User
Joined: 12/8/2004
Posts: 1,301
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I am going on a weekly chart on this stock, and yes this could be a start of at least a wave c if not a wave 3. If it is a wave c the stock should make it to a minimum of 17.51-18.56 or typically 18.73 to 19.86.
If it is a wave 3 it can go to a minimum of 24-25.40 and a typical of 29.60-31.38.
I wouldn't enter the stock unless it goes above 13.80 and I would set my stop at about 12.70.
Needless to say this whole sector is not in good favor right now so it may just level out and remain in a trading range. but when it does move up you can expect those kind of returns.
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