Olo Inc.

Olo wave count

38
I've been a bag holder since shortly after this IPO'd and taking the advice from stansberry research newsletter I had at the time ( canceled after many many bad calls and constant up selling attempts) they said hold with no stop loss, I was in heavy after maling easy profits from a earlier gamble i was blessed with. Now after losing most all those profits I'm trying to learn Fibonacci levels and take a gander at wave counting. I have the IPO drop being a ABC correction and what I can make out as a 5 wave move up which could top now or mid $11 depending if I use retracment or extension, then a wave two correction before the fun begins for wave 3 upside. Time will tell if it's a good guess, taking profit on the mid $6 shares I averaged down on recently

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.