$ALB - RC -
Added 2023-05-09 12:19:00 +0000 UTCThere are a number of s positives I like about this chart, the green impulse wave shows a clear 5 waves up, followed by 3 ABC waves down, the 200 Day MA is cutting right through the 0.5 Fib and 0.618 Fib levels too, so this is an area where you should watch for a possible bounce, to start the next impulse wave.
Failure to hold the 200 Day MA, it can still find support at the 0.618 Fib. Below the blue line and support becomes a lot weaker.
