Retrace Back To Golden Pocket between .5 and .618 Fib.
It has broken above the trend line and I believe the stock has bottomed. Even though the price targets have been lowered, it will likely fill the gap in the golden pocket zone. Hence $103 by Feb 2025.
Trade active
Candles are knocking at 50 SMA. Could be similar to December 12th, 2023 and onwards.
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Finally cracked through 50 SMA first time in 10 months. MACD has also crossed above 0 line.
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Well, damn! Cannot win against a company's gloomy statement. They do have a history of surprising with ER. Last it said something like that and revenue was significantly higher.Note
MACD has turned bullish. Earnings will be interesting.
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And we are oversold on the weekly.Note
Volume is our friend and is picking up. Stock is oversold.Note
And once again we are above 50 SMA.
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