Previous bull runs with 50.0% - 61.8% retracements each time.
Stock is still overvalued.
RSI on weekly and monthly confirm this.
50 SMA is still above 200 SMA, and better retracement will be healthy for a stronger bull run continuation.
Buying Zone: $35.50 - $40.65.
Key Levels and points of interest.
Wave 2 completion at 50%-61.8% retracement. This would place Wave 3 around a target range of $85 or higher.
$55-$57 range is around 45% increase from Wave 2 retracement. This happened during the second run and form a H&S pattern. We want our next run up to pass this $55-57 level.
This isn't intended for financial advice, merely personal analysis.
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