$CURE - RC - WATCHLIST - SAFE HAVEN -
Added 2023-12-22 10:47:51 +0000 UTC$CURE is a Healthcare ETF which was brought to my attention by one of our members that is very familiar with this sector and has extensive knowledge here and looking at its chart, I can see the attraction.
Wave 2 pulled back to between the 0.5 Fib and 0.618 Fib, it did not reach the 0.618 Fib because it found support on the descending wedge formation trend line, which is also a bullish formation.
The price is above the 50 and 200 Day MA and about to test the top of the wedge for a break out, a successful breakout and holding above $102 and we are into the Bull Case.
Disclaimer: This is a 3X leverage ETF so will come with added risk.
Wave 3 target is at the 1.618 Fib as always and at $281.
