AEterna Zentaris Inc. (AEZS)

[Ayock]

Standard E-Wave behavior...

This up-trending from the $1.41 low has behaved in very standard Elliott Wave impulse move fashion. AEZS is currently in a W-4 correction and will probably see this correction reverse again upward at or near $1.80+ (o.382), $1.75 (o.5) or $1.71 (o.618)...the points to watch...(it just popped off $1.83 as I type this...may be enough).

It went like this:

W-1 $1.41 - $1.65...actual distance moved
W-2 $1.65 - $1.56 (o.382)
W-3 $1.56 - $1.95 (1.618 W1)
W-4...in progress see above. AEZS may still need to tag $1.80 before it can get near the $2.00 mark...but $1.83 may be close enough. Just turn points to monitor.

W-5 predicts about $2.04-$2.07 before the whole move corrects (unless weakness results in a "truncated fifth). If the move is standard after this W-4 correction completes and if it does at the $1.80-$1.83 range...just over $2.00 is the near term top before the larger correction.

AEZS is one of those stocks that E-Wave works well with because it is such an emotionally traded stock. The current price is not based on earnings, but on projections of potentials...

All the above for entertainment purposes only and worth just about what you paid for it...