Very little to update here apart from them missing on earnings, which they have not done since 2008.
Price was not able to hold the red fib support level which is standard for Wave A and now looks to test the 0.5 Fib at $323.
Many of the Meg Caps also lost their 0.38 Fib in April, so it is not an uncommon sight right now
But a hold at $323 and I believe it is technically undervalued for a relief bounce for at least Wave B.
We can see that the amber fib levels for Wave B also align with the 50 and 200 WMA, so I believe a bounce will come here here once support is found on the 0.5 Fib.
This would present a very favourable bounce too.
Worth considering, when there is a hold.
Richard
2025-05-14 09:34:52 +0000 UTCJeff Vox
2025-05-13 22:57:20 +0000 UTCJK
2025-05-13 20:29:25 +0000 UTCMarcel Fischer
2025-05-13 19:28:22 +0000 UTCJeff Vox
2025-05-13 18:49:39 +0000 UTCFS
2025-05-13 14:38:19 +0000 UTCDaniel Gilmore
2025-05-13 14:31:06 +0000 UTCScott Williams
2025-05-13 13:22:06 +0000 UTC