From $7 to $118 is extraordinary and pushing the limits of the Fib levels, the absolute limit for me would be the 4.618 Fib at $130 and as we know, I have yet to see a stock go above this level without a pull back first.
Although the run has been crazy, the Wave count has not, it has logged its Wave 2 and Wave 4 perfectly fine and used the First and Second targets as catapultes to go higher.
This is definitely not where I would be buying now.
This needs to come down before it can go higher and I would be watching for the target levels again as potential support levels.
Luc
2023-12-25 14:23:13 +0000 UTC