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rolerkoester1
Jan 1, 2023 4:23 AM

PERI to 31 fib confluence  Long

Perion Network LtdNASDAQ

Description

I like the setup. 3:1 RR stop below the low tgt 31 then fib extensions from there. 100% and 1.618 run through the prior high area of 31.

Comment

Raising stops locking in profits. Take half if needed. Almost at 1.618 extension target.

Comment

With the recent volume this could be in the 3rd wave. This is VERY extended but the 1.618 extension of the 1st is 35.5 area. I have stops raised. Locking in nice gains. If this is a 3rd, I expect some corrective move soon (4th) for that wave 3 to divide into 5. Earnings are coming up ....will exit partial or all before earnings.

Comment

high of the day...20 cents away from the wave 1:3 1.618 extension. I'm not greedy here. Big run, take some of those profits and enjoy a nice meal the market paid for :)

Comment

Gap down and bought up today. If the 29-31 bounce zone holds with volume, the prior high zone around 41 will be the next target. Raise stops to lock in gains. Copy and pasting the updated chart is not working for me right now lol
Comments
alainroumi
Great Call. Can you update your reading on this one. Seem to be pushing higher
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