PAYS Small Cap Stock Elliot Wave Thesis

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PAYS Small Cap Stock Elliot Wave ThesisPaysign, Inc.NASDAQ:PAYSjamesablack3 Paysign Stock is showing a believable Elliott wave correction phase is coming to an end with wave (c). I think this is a perfect time to step into the market as a seller. Bullish Confluences: Elliot Wave, A perfect Elliot Wave pattern is showing. The 5-wave impulse has completed, and we've begun our correction phase. If we stepped in now, we could follow wave (c) down to around the $14.20 area. Fibonacci Sequence, Many might ignore Fibonacci because there's no reason for it to work; however, historically it does not, not because of a mathematical formula that doesn't correlate with the stock market, but because people think it does, just like many other technical analysis confluences. So I’m still using the tool, especially when I’m trading Elliott waves. The (b) wave clearly responded around the 0.318 line and now might form wave (c) and drop down to the 0.618 level. Volume Profile, Price is trading around the VAL after being above it for a while. I think we can react to this. However, the biggest help received from the volume profile is the POC acting as a perfect anchor for the price to want to fall onto. I placed my take profit slightly below so that wave (c) is as big as wave (a), perfecting the Elliot Wave. Where I’m wrong: We’re still trading around the VAL; we can’t confirm an actual rebound quite yet. If the price rose above the VAL again, the correction would be invalid and wed have a bullish change of character and possibly start a new impulse. Screener Settings, Here are the settings I used to find this stock. I urge you to try them for yourself to find high-earning and high-performing stocks... Price > EMA200 1W EPS per share diluted growth % annual YoY above 20% Analyst Rating, Strong Buy Revenue Growth Percent TTM YoY > 25% RSI (14) > 14 AVG volume 10 days > 400k EPS per share diluted growth % quarterly YoY > 25% My final words urge you to do your own research, as you always should, but I also have more to say. I’m a teenager who is still learning these new skills. I congratulate everyone who read the entire article and urge those of you who critique my work to do so, so I can learn to be better. How can I improve my work while time is still on my side?