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                                                                             FIGURE 1                                                   

As expected, MKH is following closely , if not, completely; to the classic elliott's wave theory.
The recent price dip (wave 4) reached my expected target price of 3.70 as it sucessfully retraced 0.382 or 38.2 % of wave 3.
A rebound on Tuesday signifies the end of wave 4, hence commencing the start of wave 5.
This bullish signal looks no where close to an end (unless conditions in russia and ukraine badly impacts the markets)
As fundametals remain intact, this highly rated company would continue to grow further.

Target price.
Hence, i would mantain my target price of 4.37 (short term) and 4.80 (long term) respectively.
This judgement is based on the close adherence to mkh's fibonacci ratios and patterns.


Disclaimer : This information is for educational and sharing purposes only. Therefore, we would not be held responsible for any losses.

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