tomj2417

PCT - a top in tech?

Короткая
LSE:PCT   POLAR CAPITAL TECHNOLOGY TRUST PLC GBP0.25
This is a popular UK based investment trust that, like the name suggests, invests in tech stocks. It has done pretty well for those holding it over the last few years. Perhaps my wave 5 is way too short but is there is a little bit of confluence for a top of sorts here? The 2.618 fib extension might provided some resistance and there is some decent divergence on the RSI (although that hasn't counted for much in the past). Going against it is the fact that it looks a bit short for a wave 5 and maybe the party is only just getting started after a correction. I have included the red count that suggests that wave 5 may have much further to run.
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