RFIL is sporting a beautiful Elliott third wave pattern. It's hitting some resistance right now, but is threatening the near term top of a bit of $12 which should occur within a month or so. Longer term, RFIL has had an incredibly long sideways wave 2 correction from 2000-2017. However, since then we can see a clear impulse wave and corrective wave. The movement since the pandemic low has been textbook impulse and looks to continue for years to come eventually heading into triple digits though that may be a few years away.
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DISCLAIMER: All investments involve risk or loss. None of my posts should be construed as financial advice. You are responsible for your own financial well being so always do your own diligence.
If you found value in this post or you've been receiving receiving good value from my posts, I'd appreciate a Thumbs Up and a Follow if you haven't already done so. Thank you.
DISCLAIMER: All investments involve risk or loss. None of my posts should be construed as financial advice. You are responsible for your own financial well being so always do your own diligence.