recall that "it was the waiting that made me money".
i'd say we need to see the high of wave 'b of 2' broken before the downtrend is confirmed as complete, and the uptrend recommenced. this may take some time.
some analysts forecast time reasonably well.
i am not one of those analysts. i struggle enough with price!
when impatient for a re-rating, i remind myself that a re-rate only occurs in the third of the third or a fifth wave blow off, neither of which occurs in a particular stock on a daily basis.
but they do occur, so it pays to know where a stock is in the order of things. as a rhetorical question, where do you think we are now?
the answer indicates the degree of patience one should employ in preparation and postioning for the "large move to the upside".
all the best, andy.
UXA Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
