A Buffet favourite and appears to be looking to test the 0.618 Fib again at $23.71.
It had the perfect bounce at the 0.618 Fib in August but the market had other ideas and wants more confirmation of support before this can go higher.
Buffet sees something in this company, the fundamentals are good but not amazing, however he was right about many companies and sometimes it does take years for his thesis to come to fruition, if it holds the 0.618 Fib or the 0.78 Fib at $19.....this would be a sensible add.
Gareth Neary
2023-09-28 14:58:49 +0000 UTCCharles Jung
2023-09-28 14:57:58 +0000 UTC