To: Buddy
Subject: Harsco Chart from your analyst report updated for technicals
Harsco Chart with projected price trend. New lows will be had before new highs. The chart needs a final move down which probably started again this week and should reach at least $16.00. See my attached drawings. You should go sell with the expectation of going neutral/buy due to valuations in a month or two at the new bottom ;-)
Wave one was a 25% drop, wave 3 a 64% move, so wave 5 should at least be 25% which would put price back at $22.5 as a minimum, but I bet it goes further than that to new lows. Cya sunday!
CK
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