Off 1.80 low in November 2008 AJRD played a textbook ( A )- ( B )- ( C ) fractal. It topped at 40.99 in February 2019. That was a wave ( 1 ) up. Both impulsive waves ( A ) and ( C ) have clear five wave micro structure. Wave ( C ) up has tagged a typical 114.6% extension of the wave ( A ) up. As soon as wave ( 1 ) up gets completed you should expect a corrective (A)-(B)-(C) down structure in wave ( 2 ) down. Wave ( 2 ) down may easily retrace 50%, 61.8%, 76.4% or even 85.4% of the preceding rally in wave ( 1 ) up. Moreover, the first leg down in subwave ( A ) of the wave ( 2 ) down may cut the price in half in a matter of months! Yes, the rally took 10 years but the first drop may get back half of it in 1 – 3 months! I would be interested to buy that stock for a bounce when it hits the first green target box under 24.70.

Now you think, well, its a great idea I may try to go long when we get there. Believe me, it’s not gonna happen. By the time we get there chances are you will lose a piece of paper where you have just hand written a note about buying AJRD. If you want to get reminded about that setup WHEN we get there subscribe to my “Bottoming Value Stocks” service. That would be MY JOB to keep watching it daily and let you know when we get there with a completed structure.