SuperNET has broken out of the wedge pattern in the daily chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe SuperNET has completed waves one (sub-waves i-v) and two (sub-waves abc) from the December 2015 low in the weekly chart. The wave one (sub-waves i-v) advance ended on September 1, 2016, and the wave two (sub-waves abc) correction finished on December 28, 2016. If this wave count is correct, SuperNET should be heading next towards the September 1, 2016 peak.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long SuperNET.
If you think this analysis is correct, upvote this post and upvote the comment "SuperNET will takeout the November 19, 2016 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "SuperNET will drop below the December 28, 2016 low".
If you think SuperNET is in a range, upvote this post and upvote the comment "SuperNET will stay in a trading range between the December 28, 2016 low and the November 19, 2016 peak until January 30".
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