UNLB Elliott Wave Analysis: Wave 2 Correction Nearing Bottom

UNLB is nearing the bottom of its Wave 2 correction as the extended C-wave nears completion. The bullish setup remains valid above the 922 invalidation level.

Signal: bullish

• Preferred levels:
• Stop Loss: 922
• Invalidation: 922

UNLB is nearing its bottom based on Elliott Wave analysis. We are most likely very close to completing the extended C-wave of a deep Wave (2) correction. This count remains valid as long as the 922 low is not broken. For entry on this stock, we should wait for the first impulsive move of Wave 1, and consider entering only on the subsequent Wave 2 pullback.