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Re: Phoenix300 post# 26947

Thursday, 07/04/2019 1:47:30 AM

Thursday, July 04, 2019 1:47:30 AM

Post# of 34713
Some chart targets to look at.

I do like to use the Fibonacci tools in my charts. Elliott wave patterns and Fib math targets combine well together.
I can see why the insty analyst covering has targets at 10 dollars.
It looks like the uplisting and the coverage has given a boost to the chart pattern in this upwave. It has climbed a few steps higher than the 'normal' Fib targets would suggest in the math patterns.

IF we see a pullback soon,would give folks a good chance (last chance?) to get in below 7 maybe? If this 8 dollar zone fails to continue, it will be interesting to see how strong the pullback could be. would it retest the key moving averages down there in the 6's?
This 8 dollar target zone is where the Elliott wave 3 area would suggest.
a Wave 4 sideways slide could begin here...but if youre expecting stimulating news in a few weeks , maybe that keeps the pullback shallow now, just like a Wave 4 should do.
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