The Long Investor
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$ACHR
🕑 Added 2025-03-24 16:29:27 +0000 UTCVery strong bounce now since finding support on the standard 0.618 Fib at $6.54
How many times have we seen this lately where the 0.618 Fib has held support and the share price bounces with a strong recovery.
Price is now back above the 50 Day MA too and is approaching the blue resistance/support line.
A flip of this level to support and I believe we can make a higher high next above $12.48 and go as high as the 2.618 Fib at $18.
There is only 1 bounce since $6.54, so we could see subwave 2 come in after testing the blue line, a higher low then would be another buy signal.
Comments
Joel (ASTS Fan Club)
You think a subwave 2 would be a potential entry to buy for those of us who are late to the party?
