$GOOS Neutral Wave 4 Correction, Long Primary Wave 5

19 Sep 2020

GOOS is in it’s Cycle Wave III. It just completed Primary Wave 3, which means we have a corrective wave 4 over the next few weeks. This could be a good time to accumulate and there may not be dramatic change in price. You will want to have a nice position for when Primary Wave 5 begins. My ultimate price target is $36 by end of year.

Buy zone should be $28 - 28.75
Stop Loss should be $27.25- 27.50.

I will update for the details of corrective wave 4 and also for the beginning of Wave 5.

Good Luck.