Working on a possible wave 5 structure for TIVO.
$11.00 so far has been the immoveable line in the sand.
No one would fault you if you were to call a sell on the immovaeable resistance
even if it breaks above.
However if the the a-b-c zig-zag pattern from $10.30,$11.25, $9.75
is a wave 4 Corrective structure which incidentally bisect the Wave 3 in
half.
And if Wave 4 is half way of Wave 5, meaning to say, Wave 5 travels the same distance
but at a faster speed.
That would bring the price target to $12.50.
via StockCharts.com
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