There is very little certainty right here, Wave 5 potentially bottomed at $2 but I am not seeing the formation of a new impulse wave since this point.
We could see some sideways consolidation until the wedge trend line for the remaining part of the year, it appears the market needs more information from earnings to confirm that there is a sustainable future here.
It must be said that they have not missed on earnings since 2017 either.
Price is still holding above the 50 Day MA, so support has been found but just not seeing any bullish momentum just yet.
Tobijone
2024-11-25 21:10:21 +0000 UTC