CC has an interesting LONG setup:
We got a large completed Five Wave up fractal that topped at 58.08 on 10-24-2017
Off that top CC declined in a corrective fashion and completed A-B-C corrective pattern at 11.71 on 8-15-2019.
Off that low CC played (a)-(B)-(c) of wave ( i ) up and then made a corrective (a)-(b)-(c) down in wave ( ii ) making a higher low.
Ideally CC may stretch a bit lower.
Specifically, 76.4% retracement stands at 13.67. And I added the Green Target Box at confluence of 85.4% retracement and 100% and 109.2% extensions of subwave a of wave ii down.
I will be buying that stock at 13.67 – 13.24 – 12.70.
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