Moving sideways here on the 0.78 Fib, has not shown signs of starting its reversal for Wave 3 yet but equally is not showing signs of moving down further, it is holding this important level so far.
The structure is still in place and has held very well over the last 2 months.
What I would like to see is this drifting higher, even if it is slowly and getting above the 50 and 200 Day MA at $6, holding at this level would be more pleasing.
This is another stock that could benefit from a positive move in market sentiment and move up next.
Kristof Van Nevel
2023-10-03 12:19:07 +0000 UTCGareth Neary
2023-10-03 11:57:05 +0000 UTCKristof Van Nevel
2023-10-03 11:50:24 +0000 UTC