Actually fell out of the rising wedge (Whiteline) into a pennant(Yellowline), broke out of the pennant and got rejected trying reentering the wedge. Found support on pennant top.
I would be very surprised to see this stock hit new highs on earnings. Usually when a stock has a massive run up before earnings like this stock did with a 60% gain since 2021 they rank even with a earnings beat. Just look at MSFT earnings aftermath.
I think we'll see a dip back to .5 fibonacci at around 70$ and consolidate.
Let's see.
I would be very surprised to see this stock hit new highs on earnings. Usually when a stock has a massive run up before earnings like this stock did with a 60% gain since 2021 they rank even with a earnings beat. Just look at MSFT earnings aftermath.
I think we'll see a dip back to .5 fibonacci at around 70$ and consolidate.
Let's see.
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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.