$PWR - RC -
Added 2024-04-06 12:50:35 +0000 UTC$PWR has had a monster run since 2020 from $25 to $263 today and is looking to be in Wave 5 now and has broken out of this megaphone pattern this year.
So this is showing extended with bulls getting aggressive over the last few months.
I have added in potential resistance levels in green where I believe Wave 5 completes before dropping back down.
Holders for now should continue to hold until the price drops back into the channel below $240 as there is every possibility this can hold support and continue moving higher extended.
Comments
If impulse wave consist of 5 waves. How do you make of the subwaves in this wave 3. It has been very very long.
ray
2024-04-07 13:49:27 +0000 UTCI also had $343 as a possible top, from, perhaps unorthodoxly, drawing a fib retracement from the prior ATH at $212 (Wave 3 top) down to $0; the 1.618 fib was $343, but also, the 0.786 fib was $166 (Wave 4 bottom). π€
Tom P
2024-04-07 09:14:31 +0000 UTCI think $PWR is an interesting company, they install and provide storm restoration for power lines in the US. Clearly benefiting from the IRA. Thanks a lot for the chart, Iβll be watching those levels closely! π
Tom P
2024-04-07 09:13:48 +0000 UTC
