Wave 4 incoming (short-term short, long-term long)
Dear trader, this is a valuable company and worth holding for the long term returns. But here is a quick technical analysis.
Combination of our Elliott waves, Fibonacci and 14 MA makes a good case for this price predication. We could potentially go higher and continue our 3rd wave, but a more likely scenario after a +14% day, would be a retracement starting Monday down to 40's by mid March. Let's see how it unfolds.
This is not an financial advice. But if you liked this analysis, please like this post and follow me for more.
Combination of our Elliott waves, Fibonacci and 14 MA makes a good case for this price predication. We could potentially go higher and continue our 3rd wave, but a more likely scenario after a +14% day, would be a retracement starting Monday down to 40's by mid March. Let's see how it unfolds.
This is not an financial advice. But if you liked this analysis, please like this post and follow me for more.