TELL Taking Off - Candles, Connors, Director and Elliot say Yes
Price just completed a Bullish Hammer. Connors RSI at 10 indicating extremely oversold- Yellow squares mark the four other times this has happened this year. The company's director(s) just bought 24k and 38K, and the corp another 38K. For Elliot it looks like the correction A-B-C wave has completed, and wave C has extended into the area of the previous impulse wave 4 - a reliable guideline. So we are beginning a new impulse wave 1. Long term trade target 26.00 - the 1.618 fib level to complete the next five wave impulse. Short term 18 ish to complete wave 1. Good risk reward with a tight stop @ 9.50.
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