Auto in focus
Escorts CMP 3620
Elliott- This is a complex corrective pattern. Two zig zag corrective pattern separated by X which is also a zig zag. The current dip is wave 2 and is done. Wave 3 should begin from here which will be a strong upmove.
Fibs- the halt at 61.85 from a higher swing is telling me the trend is intact and strong.
RSI- the dip above the bull zone is telling me the stock has regained its strength.
MA- taking support above moving average is again very positive.
Conclusion - to me its a very very good buy here.
Elliott- This is a complex corrective pattern. Two zig zag corrective pattern separated by X which is also a zig zag. The current dip is wave 2 and is done. Wave 3 should begin from here which will be a strong upmove.
Fibs- the halt at 61.85 from a higher swing is telling me the trend is intact and strong.
RSI- the dip above the bull zone is telling me the stock has regained its strength.
MA- taking support above moving average is again very positive.
Conclusion - to me its a very very good buy here.
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