AKJCL Elliott Wave: 2nd Wave Correction in 5th Wave Rally

AKJCL bullish outlook with 2nd wave correction in 5th wave rally

Signal: bullish

Current Elliott Wave count: Wave 2nd of 5th

• Preferred levels:
• Support: 365-355
• Stop Loss: 326
• Invalidation: 326

We are likely in the midst of the 2nd wave correction within the broader 5th wave rally in AKJCL. This corrective phase may see the stock retrace to the 356-350 zone, after which the primary uptrend, driven by the 3rd wave, is expected to resume. A breach below 326, however, would invalidate this bullish outlook and suggest a stop-loss level, potentially signaling a reversal in the stock's trajectory.