Long Ceotronics for unfolding wave 5Log scale applied, Elliott waves analysis, as usual.
Not so good liquidity here compared to US stocks but very good setup in which I quite confident. Wave (v) with light blue color is going to unfold as consolidation in wave (iv), shaped as a triangle, comes to an end.
Bigger picture is quite interesting. Black (cycle) wave I shows up again as wave III with some contraction in wave (2) of smaller degree. I will leave big picture as a note. Nicely visible wave personality!
I do not have a clear target now but will see how wave 5 develops. Substantial price run is expected.
