This chart caught my eye this morning and boy is it beautiful!
1. So we have Wave 2 coming back to hold at the 0.618 Fib and bouncing - perfect.
2. An ascending wedge is then formed perfectly with a slight break out today in the PM.
3. Above the 50 and 200 Day MA's now.
4. A bullish cross of the 50 Day across the 200 Day MA.
5. PE of 11, FWD PE of 8.
6. Buffet has invested here.
Could we ask for a better set up?
Gareth Neary
2023-07-11 12:03:35 +0000 UTCAlex
2023-07-11 12:00:32 +0000 UTCDan G
2023-07-11 11:02:36 +0000 UTC