Prices on daily chart stop smack on the resistance line of the downward trend channel. Stochs seems to suggest there might still have some room left on the upside. Hourly chart, prices is in a upward trend channel with $22.50 as the resistance point. Price in addition on the daily chart has stopped in between the moving averages. Prices basically has converged on trend lines and moving averages. Having said that I believed that prices still have some more upside albeit with a temporary minor correction. If $28.5 and $20.5 can be counted as 5 waves then the 3 waves in prices, should bring the retracement to $23.5 [33%] and $24.5 [50%].
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