We knew the pull back would come and after earnings was as good a time as any....a classic buy the rumour, sell the news event.
Got pumped leading up to earnings, almost hitting the 3 Fib, well extended and has now come down and saving the structure from looking unhealthy.
The standard Fibs for an ABC corrective wave is between the 0.38 Fib and the 0.618/0.65 Fib, so the prices between $14.72 - $11.
I want to see this drift down over the next few weeks/months as the revenue is simply not moving as fast as the market cap is climbing.
Buying between $13 - $11, offers a fantastic add for a long term hold for us.
makis
2023-08-11 11:04:45 +0000 UTCKristof Van Nevel
2023-08-09 15:07:44 +0000 UTCGareth Neary
2023-08-09 15:06:41 +0000 UTCKristof Van Nevel
2023-08-09 15:05:39 +0000 UTC