Earnings this week on Tuesday before the market opens.
It has all the markings and structure of a stock that could really benefit from a solid beat on earnings and start its reversal.
Clear Inverse Head and Shoulders pattern formed since the start of May, with the price in the right shoulder now with a potential move to the upside next....earnings would be the perfect catalyst.
This needs to release no surprises from this report.....this is always the concern on earnings week.
Holding the 0.78 Fib leading to earnings, so pending no weakness tomorrow, I expect this to hold going into the close tomorrow before the market closes.
Christian Wacker
2023-08-15 12:29:41 +0000 UTCJax A Million
2023-08-15 12:23:00 +0000 UTCStephanie
2023-08-15 12:22:28 +0000 UTC