SamSuka
The Long Investor
The Long Investor

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Catalyst on Thursday caused a large flush down in AH as the concern is that there was a public offering but my understanding is that this was already alerted to the market before, so this is not new information and this unnecessary decline may be seen as an opportunity

The price has pulled back to a strong confluence level at the 0.618 Fib, the 200 MA on the 1hr chart and the triangle breakout level and is so far holding

I see no reason to change the chart now because of this pull back because of this strong confluence level.

As long as the 200 MA is held for me, Wave 5 can still come in as shown.

However, be aware that the price action got very close to the 2 Fib at $25, so this is a normal Fib level for a Wave 5 to complete and the price action had made a higher high too.

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