The Long Investor
patreon
$GRAB
🕑 Added 2025-02-20 13:01:12 +0000 UTCSome confusion in the chat group but this chart was shared yesterday, the small green fibs levels have not changed, the commentary has not changed either, a pull back was expected....the important note now is that the pull back levels need to hold.
We can see that the PM price is only in between the 0.38 Fib - 0.5 Fib range, so a 3 wave pull back is what we need to see, the 50 Day MA is just slightly above the 0.618 Fib at $4.80, so this would be an area of interest to hold on the retest.
Guidance missed estimates but Revenue beat, the earnings weren't amazing but one quarter does not change an impulse structure.
Wave 4 only becomes invalid if there is a lower low below the bottom of Wave 4 at $4.25
