The Long Investor
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$VSCO
🕑 Added 2025-03-07 11:47:33 +0000 UTCIs back under its red channel breakout level at $21.30 which is also the 0.78 Fib from this pull back, again we can see that this pull back has been fast and harsh and still waiting to find support since the decline started in the middle of December.
That being said, I believe $VSCO can find support soon and start moving higher next.
If $VSCO can find a higher low support then this pull back can be valid as a Wave 2 pull back and we would expect Wave 3 next.....but at the very least, $VSCO can stay under the blue line and be range bound for the next 12 months and still offer substantial gains back up to $48.
Fundamentals are still strong and they gave a double beat this week.
Comments
Michal Jenčík
Already minus 35% in my portfolio, quite expensive underware 🤣
