Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Elliott Wave Analysis by EWF
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Elliottwave-Forecast, post: 179643, member: 40858"] Continuing along the theme of Corona Virus stocks, Co-Diagnostics is next up in line. Co-Diagnostics Inc. is one of those names that has also gone parabolic with the COVID-19 spreading worldwide. It still remains very technical, and I think there could be one more leg up before the rally is complete. Lets take a look at what they do as a company: [I]“Co-Diagnostics, Inc. is a molecular diagnostics company with unique, patented Polymerase Chain Reaction (“PCR”) testing technology. A Utah corporation headquartered in Salt Lake City, Utah, we commercialize our innovative patented and patent-pending technology through sales, development and licensing, to quickly develop molecular diagnostics that are more cost-efficient and perform better than traditional technologies of the past.”[/I] The 2020 rally, in particular, has more to do with their COVID-19 test kit sales more than anything. The USA and the world is in dire need of test kits so speculators have flocked to this company. So with that said, the Elliott Wave view seems to be counting technically clean. Let’s take a look below at the daily view. [SIZE=5][B][B]Co-Diagnostics Daily Elliott Wave[/B][/B][/SIZE] [URL='https://elliottwave-forecast.com/wp-content/uploads/2020/04/CODX-Blog20200414141430.png'][IMG alt="Co-Diagnostics"]https://elliottwave-forecast.com/wp-content/uploads/2020/04/CODX-Blog20200414141430-1024x511.png[/IMG][/URL] So I’ll be taking a look at this daily chart in log. Because this stock has had such a breathtaking rally, a linear chart does not represent the chart as I believe it should be viewed. From the all time lows, wave ((1)) is set at $2.00 and ((2)) at $0.85. From there wave ((3)) is set at 21.75 and wave ((4)) is set at $5.57 . The current expectation is for Black ((5)) to make marginal new highs before declining in Red II correction. However, If $6.81 is broken, this count will be invalid and will be favored the top has been set at $21.75. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…