The Long Investor
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$XYZ - EARNINGS RELEASED YESTERDAY -
🕑 Added 2025-02-21 11:34:17 +0000 UTC$XYZ had a double miss and the share price is down -8.5% in the PM now, the impulse wave is still in place and continues to look good but they have likely delayed their recovery now and this may drift down until the next earnings date
The white fib levels align very well with the 200 Day MA for this pull back too, as we can see that the PM movement is just at the 200 Day MA in between the 0.5 - 0.618 Fib levels.
Holding above this confluence level should be no concern then and this double miss could be factored in
Losing the 200 Day MA and rejecting below this level should have people concerned and the lower blue line at $55 and the Buy Zone come back into play.
