The Long Investor
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$SG
🕑 Added 2025-04-21 13:29:57 +0000 UTC$SG was not able to hold on the 0.618 Fib after battling to hold this level since the middle of Feb.
Price action finished the week below $21 and is struggling in the PM now too.
So when the 0.618 Fib is lost, the next test of support is always the 0.78 Fib which is at $14.34 and this can happen before their earnings release on the 8th of May.
As you can see on the chart, they have a habit of missing earnings estimates and have only beaten estimates once since 2022.
