HEI - Heico under pressure

The plunge from 75.01 is impulsive and the bounce at 67.42 was followed by sideways action. Elliott Wave Theory tells us that - even if this count is completely rubbish - we can at least expect another impulsive move down.

There is a possibility that this goes down in 3 waves, double or triple "zig-zagging" in a larger degree wave 4. In that case this correction is a smaller wave B.

Key is 75.01, this level should hold before the next leg down. Personally I would like this stock to go somewhat higher towards 75.01 before it drops from a r/r perspective.