Setting up for GERI's Last Leg Up

Well, I am not yet sure if this will be Global-Estate Resorts, Inc. (GERI)'s last leg but observing it's pattern from 2009, she is positioning for a Wave 5 according to Elliot Impulsive Pattern.

The target is PHP 2.8 to it previous all time high, (PHP 3.30ish?). This is measured 38.2% -to 61.8% from  Jan 2009 to Aug 2011.

Notice that the price levels at wave 4 of the previous impulsive pattern (extended wave 3) holds as a support for the current price and the bullish divergence that happened from mid-May to early-June this year.

It would be great to buy near 1.80 - 1.70. Cut at 1.65 if buying window broke.

Oh! also note that 50MA may act as a resistance.