I'm uploading the weekly and the daily charts here, so you can see the confluence level at the 0.38 Fib with the moving averages.
On the daily chart, the 200 Day MA held support just below the 0.38 Fib and
On the weekly chart, the 50 Weekly MA was also there to offer support but the 200 Day MA held support first
Making this area between $117 - $123 a strong confluence level, which is why $TMDX likely overshot the 0.38 Fib for Wave 4.
If $TMDX can beat on earnings again, which they have done for all of 2024, I expect Wave 5 next over the next 3 - 6 months to at least $216, but could also hit the higher Fib limit too at the 2.618 Fib at $271.
ok
2024-10-29 05:09:22 +0000 UTCKad
2024-10-27 18:08:02 +0000 UTCNader Farouk
2024-10-27 17:04:51 +0000 UTC