Nuvectra Corp. (fka NVTRQ)

[123tom]

The Elliott wave Fibonacci chart picture.


for what its worth. A very nice rally wave from 7.60 to 23.60. now we get the pullback. This 15 dollar zone is the 50% retrace. so it is a target zone.

just a question of how low it will pullback.

The Elliott pattern looks like a Wave 4 happening in recent days and weeks. so that's my bias, one more move down to the lower target is possible. but of course it could be proved wrong. The earnings report becomes a key moment doesn't it?

Elliott wave/Fib chart view

and the obvious target points are the 50ma for a good earnings and the 200ma for a bad one.