The Long Investor

$TEM

Added 2025-05-06 11:29:02 +0000 UTC

$TEM reports after the close today

We can see that there are 5 waves in this bounce since the start of April and the price is comfortably above the blue support line at $44 that we shared in the last upload that needed to hold.

Subwave 5 can complete here now and also start its abc correction after the earnings which is very similar to what has happened with $HIMS, regardless of how the earnings will go.

There could be an initial bounce up to $61 today but I believe an abc pull back is next then to the amber fib levels as should

The 50 and 200 Day MA are in between the 0.38 - 0.5 Fib range between $49 - $51, so this will be the range we want to see the price action pull back and hold at.

A hold here and we have Wave 2 complete for me and Wave 3 can be next with the initial target at $79 at the blue line next.