Hello Sami. Short term, next day or two. Just created a chart off this mornings moves. We are going to go to either 22.91 or 23.11. If we stop at 22.91, then back down we go to 21.60, 21.79, or 21.83. If we hit 23.11 (which I think is most likely, then we retrace to 22.91 or 22.85 before heading up again to a final Wave 5 up move of 23.63. Then thinking we head back down to either 20.92 (or maybe just 21.60, 21.79, 21.83).
One thing terribly important to remember here is that we did hit a 61.8% retrace this morning at 22.25 (we hit 22.27) and that could really mean the bottom is in and we head up in a major way to 39.95 without any more retracing. So again, we just might of hit the bottom and there may be no looking back or any retrace.
I see it pretty much like Sharpie but I do not subscribe to the new moon part but maybe should. Also, I think the upside will hit resistance at the range trade area we had between $25 and $26. I do not think we go too much lower here as I have the 100 day MA at $22.44 and the 200 day at $22.89 and in an up market, I would not expect the price to drop much below those measures w/o manipulation and that would be short lived.
I bought some yesterday and today I'm looking for a short at around the 24 If I got it. I don't think I will, as my trades are longer in duration but that is the area I would short If I got the chance. On the buy side today, I would add in the 21.50 area if it traded there. GLTA