GRA – 4/22/07

Below is the analysis for the equity: GRA. GRA is following a Elliott Wave pattern. Right now, a correction is taking place so the EW4 is being formed.
The Esignal chart shows the EW pattern along with the projected EW4 pattern formation along with the completion date. The completion date was obtained from the seasonal software.
gra_d_4_22_8.png
The HA analysis is shown below:
gra_ha.jpg
Two possible trades exist. They are as follows:

  • Bearish EW4:
    • Entry: 28.40
    • Stop: 30.05
    • Target: 26.01 (50%) and 25.08 (50%)
  • Bullish EW5:
    • Entry 25.08
    • Stop: 24.30
    • Target: 28.78 (50%) and 30.00 (50%)

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