PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

January 24th, 2017: BIB 60-min Chart Update

Posted by pugsma on January 24, 2017

11:50 pm EST:  BIB price came up just a little short of the triangle target of 47.68 hitting 46.64.  Now BIB price has retraced 88% back to 40.22 at the lower end of the yellow triangle.   If BIB price holds above 39.48, then there will continue to be a set of higher lows and there is potential for another push higher to 43.25 and possibly 49.35.  If the 39.48 price is broken, then there is the potential for re-test of the 35.00 low.

BIB 60-min chart:

pug-bib-60-min-1-24-17

 

Sorry, the comment form is closed at this time.

 
%d bloggers like this: