Replies to post #77 on Nuvectra Corp. (fka NVTRQ)

[joseytheoutlawwales]

Nice bounce

[123tom]

this whole chart's price action...

crafted a near perfect Fibonacci Geometric/Elliott wave picture.

interesting to draw.




IF 15 becomes a finished 5 wave rally,the Fib retrace zone is down around 10.00-9.00 area
IF the wave pattern has another rally wave left to go, the target zone could be 19.00-20.00 area.

This stock must have made traders a lot of money to catch this bottom zone around 5 dollars.
If I had bought the 4.64 bottom zone I probably would have sold around 9 dollars,certainly by the 13 shoulder zone. 15 is just being greedy.