Idea showing 1.2.3.4.5 trying to display my rationale of why I expect the next move upwards
Symmetry with the last down move at 1 allows for this move up towards 5
Forms a large W pattern
Bullish on this daily timeframe
Coda is currently evolving in a descending triangle. The triangle point is on the annual support S1 which gives the figure a high probability to evolve to a rebound. Stock is undervaluated comparing to book value and PER and ROIC is among the best of the sector.