Fundamentals are healthy here so a break out of this wedge and there is potential upside. The downward trend over the last 2 years looks completed and there is certainly a few months of consolidation happening now but I can not see Wave B so this may bounce for Wave B next, the 0.5 Fib is a healthy bounce spot for Wave B too. Bulls should watch for a break out of the wedge.
Jesse Barba
2023-04-11 09:55:04 +0000 UTC