$NBIS has made it all the way to its 200 Day MA today and its 2.618 Fib at $35, so this would be the ideal place for this strong wave to pull back now and make a higher low.
Price has jumped from $18 on the larger 0.78 Green Fib to $35, so this is approaching a +100% gain.
The white fib levels have been added to show where a higher low can hold support
And I do like how the 50 Day MA has aligned with the 0.618 Fib now exactly at $24.93.
I do not suggest chasing, we have no Wave 2 pull back yet, so time to wait I believe.
Joel (ASTS Fan Club)
2025-05-13 17:28:09 +0000 UTCraja sekhar
2025-05-13 16:39:14 +0000 UTCMarek
2025-05-13 16:19:43 +0000 UTC