I will be watching thing closely now, as we have a Cup and Handle formation and a pull back exactly to the 0.618 Fib at $20.91 and a bounce so far to $23.91 today.
This is a formation we have seen work out very bullishly lately and I will be watching for a reversal here next, with a series of higher highs and higher lows and moving in an impulse wave next.
In the short term, I would expect a reversal to the 200 Day MA at $32, clearing this level and then a return to the blue line at $39 is possible, once $20.91 holds.
Nick E
2025-03-02 16:03:10 +0000 UTCBrian Delaney
2025-03-01 20:29:02 +0000 UTC