$VSCO
Added 2025-02-20 20:51:02 +0000 UTC$VSCO can not be in Wave 4 as the pullback so far would have infringed upon the top of Wave 1 in Feb of 2024, so we must rule out the possibility of it being a Wave 4
That being said, we have a 3 wave pull back now and the price is moving to the very strong confluence level where the 0.618 Fib and the 200 Day MA meet at $28.12, a hold here and I would expect a bounce or reversal.
The daily RSI is greatly oversold now at 23, so a bounce is due.
A hold at $28 and I can see at the very least a bounce up to the 50 Day MA at $38 next and above this level the next test is the blue line at $48.71.
Clearing this resistance level and Wave 3 is confirmed and the target is $82 at the 1.618 Fib.
Comments
Cap, could this still be wave 4 of a larger wave 1 diagonal?
Byron Tanigawa
2025-02-21 04:05:48 +0000 UTCCould this be like a 1/2 1/2 wave set up?
DiegoTheSabre17
2025-02-21 01:57:02 +0000 UTCInteresting. Anyone checked fundamentals? This is normal correction or something bad happened?
Regular_Joe
2025-02-20 22:58:56 +0000 UTCIn too
Rob
2025-02-20 22:40:03 +0000 UTCIn it average 30.7, we are riding same horse Kad
Richard
2025-02-20 22:12:16 +0000 UTCWooow! Thanks for the update Cap
Kad
2025-02-20 21:04:44 +0000 UTC
