CZOO shown on a reliable daily chart had an earnings report beating the estimates back in November whereprice action trended up then down in January followed by sideway action then finally a break out through VWAP band lines and the entirety of the high volume area of the profile. Ahead above is a volume void where price moved quickly coming down.. On the...
I believe based on trendlines & multiple inverse fibonacci sequences at play, along with stoch rsi & mac d indicators, that CZOO has bottomed out. I would expect to see a great turnaround in the next several weeks, barring the possibility that it doesn't trade sideways for longer. *Opinions are my own. Not trading advice.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...