Star Stock: Chartered back on recovery track!

Immediate Resistance: 1.59
Immediate Support: 1.49

This is a follow-up of my analysis back from 29th Mar on Chartered Semi Conductor: Genuine Recovery. Chartered was hammered recently in the last 8 sessions. However, with a Doji formed on Thur 14 April, and CHRT up 0.43 in Nasdaq, it is very likely that the CSM may develop a Morning Doji Star Candlestick formation in the next session, which is a bottom reversal signal. At this point of time, Elliont Wave shows that CSM has just ended Wave 4. Wave 1 began from 1.16 to 1.37, Wave 2 retraced from 1.37 to 1.26. Wave 3 edged higher from 1.26 to 1.64 and Wave ended at 1.5. the Target Price of Wave should be around 1.84.