Banged on the 200 Day MA again today at $17.40 and has still not broken above this MA but in this set up, I believe the bulls can break above this level and run to the 1.618 Fib for Wave 3 as shown.
Price action continues to look strong and is moving in an impulse wave.
It is comforting to know that we already have a stock ready to move as $HIMS did when it was in this same situation in the mid teens.
Chris H
2025-01-31 18:45:54 +0000 UTC