The Long Investor
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$TMDX
🕑 Added 2025-03-10 11:21:03 +0000 UTCIt has been awhile since I last uploaded this because it has been a good start for 2025 but we can see that the 0.618 Fib at $74 was a difficult level to convert to support and for this reason the price has dropped down...in spite of the double beat on earnings at the end of Feb.
We can see here on the weekly chart that the price is back to the 200 WMA again in the PM at $65.
A level that has held since November.
Holding here and bulls should be looking for a reversal next
But losing this level and the blue line is tested next at $50, just slightly above the 0.78 Fib at $46.
Comments
Alex
Ah, okay. If the price declines in the near future and doesn't fall below $74(stop by 74)then that's the first test of support?
Gareth Neary
There has been no test of support here
Alex
0.618 Support confirmed?
