$SG
Added 2025-05-07 16:50:53 +0000 UTC$SG is due to report tomorrow after the market closes.
Price has struggled over the last few weeks and has recently rejected under the 0.618 Fib at $20.94.
But I do see 5 waves higher to the top of the Cup formation, followed by 3 waves down to an oversold position between important fib support levels.
They have missed on earnings since May 2023, so they need to start turning this around and showing an improvement.
Another bad earnings and the downside risk next is to $14....and $10 below this.
But if there is a surprise beat then a reversal can come and the 200 Day MA at $31 is the next target.
