The Long Investor
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$IQ
🕑 Added 2025-02-19 16:06:42 +0000 UTC$IQ reported yesterday and it wasn't particularly great but this is likely factored in, fundamentals, growth and margins are still attractive at these levels and I think the pull back will tell us all we need to know for what's next.
50 Day MA is exactly at the 0.618 Fib now at $2.16, this could be the confluence level of interest.
So a 3 wave pull back and holding here and the market is likely finished selling and we could see Wave 3 next up to the 200 Day MA at $2.90 next.
Losing the 50 Day MA and it's back down to the wedge I suspect.
