PHR - This had better be the bottom Long

Phreesia, Inc.NYSE

Description

⋅ Mar 18, 2022 5:00 AM

I will wait for confirmation before investing in this company. In fact, earnings are end of month. So we'll look for a good entry, either a breakout of this wedge or retesting the bottom. We'll see.

Comments

gooney0

⋅ Mar 18, 2022 5:27 PM

I would wait for it to flatten out and put in a higher low and higher high. The next support is at $16. That's a long way to fall.

gooney0

⋅ Mar 18, 2022 5:34 PM

Take a look at DM daily chart. That has a bottom pattern I like. It flattened out and broke out with slightly higher lows.

If it pulls back and puts in a higher low, that could be a good long.

ChartMeNot

⋅ Mar 19, 2022 5:01 AM

@gooney0 desktop metal? sounds good, thanks for the tip. I will wait for a pullback...