I had not looked at this chart for some time because it was just moving along the 0.618 Fib support since Sept '23 but it finally woke up today post earnings.
Their EPS beat estimates by 47% and the share price jumped 24% to finish the day.
The impulse wave has not changed as the support was held on the 0.618 Fib and we still have Wave 3 at $85, the blue resistance line will be the next big test, which was a struggle in May last year, flipping this level to support at $42 and the bull case is confirmed.
Thank you Adam for bringing this to our attention.
Byron Tanigawa
2024-03-01 13:21:33 +0000 UTCAdam L
2024-03-01 01:10:55 +0000 UTC