EAND or E& Long Term Analysis

EAND
As I said in my earlier short-term view of EAND Analysis that I think Emirates Telecom Group Company (Etisalat Group) is near at the end of it's bearish trend. It's in final phase. I don't think it will go below 15.50 now.

Still have to be careful when take position in this stock. My entry level is 19.58. Which is Higher High level from current structure.

Target: -
1) My target for EAND is 23.4 which is 0.236% of peak of wave 5 Ⓥ to bottom of wave Ⓨ. Well, I think it's a high probability target.
2) Otherwise I also think that stock will go near 27 which is 50% retracement of peak of wave 5 Ⓥ to bottom of wave Ⓨ.

Anulowano zlecenie:

Stock made LL structure. Didn't made HH for entry.