The Long Investor

$VET - RC -

Added 2024-02-23 16:57:38 +0000 UTC

$VET moved sideways from March to December '23 along the 0.618 - 0.65 Fib at $11 and looked to be in a good position to start moving up but unfortunately for them, on the 1st of November, when the market started its rally, they posted a bad miss on their earnings and it changed its trajectory, they have not been able to consistently post positive beats either over the last 3 years.

The price has now lost the 0.65 Fib and will need to find support on the 0.78 Fib at $7.69 in order to keep the impulse count alive....otherwise this is looking like a sideways ABC movement with a retest of the blue line possibly next first.....I am more leaning on the impulse count then the sideways movement right now.