$ELV - RC -
Added 2024-10-22 10:50:34 +0000 UTCI liked the Impulse Wave count to $567 to complete Wave 5 but the the pull back has been very harsh here, accelerated by a missed earnings report and a difficult 12 months ahead for margins.
$ELV had not missed on earnings since 2020 prior to last weeks release.
RSI is deep in the oversold territory now as the price tests the 0.38 Fib which would be sufficient for Wave A to finish
A relief bounce is what I expect next for Wave B, followed by Wave C as shown.
Comments
This means you expect the stock to go down, but you dont use shorting and options in your strategy, right?
Progress Factory
2024-10-22 11:28:03 +0000 UTC
