10 Feb 2021 ● 11:58 AM
ION Exchange is a stock that I feel I have discussed before but it does not show up in the archives. Maybe it was on the google group before 2013. But long term this stock is in a higher degree 3rd wave and even as it is near all-time highs the long-term fractal may not be complete. So I am putting it back inside the value wave investment list. Water management is also a focus of the recent budget so I am not sure how much of that translates into business for them. But wave 3 of 3 is subdividing and therefore the top end of the channel near 3100 also will not complete the 5 waves needed to complete the long-term trajectory. Also do not forget to think about such charts as multi-year and the moves will unfold over years. The fractal boxes show where 3=1 and if 5=1 as well. Usually one of the 3 impulse waves will extend so this may be conservative. 3=1 is near 4100 and 5=1 after a small retracement would be closer to 21000. If this fractal has to unfold a lot of good things have to happen over the next 10 years for this industry, that requires some imagination.