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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