First post here. FIZZ keeps catching my eye, so I notice today it's broken some bearish symmetry resistance. I'm not even an Elliott wave novice, but it looks like 5 waves down and breaking the downtrend lines.
The dowsing I do suggests a trend reversal in the works.
Symmetry resistance coming up at 45.28. Wouldn't be surprised at a slight retrace around there.
At the moment (2/14 1:30) symmetry support is at $43.91 and $43.44 and that would be a good entry zone if it holds. Stop out if it's going to close the day below $43.
Hold time is ~5.5 weeks with target of $51.33
The dowsing I do suggests a trend reversal in the works.
Symmetry resistance coming up at 45.28. Wouldn't be surprised at a slight retrace around there.
At the moment (2/14 1:30) symmetry support is at $43.91 and $43.44 and that would be a good entry zone if it holds. Stop out if it's going to close the day below $43.
Hold time is ~5.5 weeks with target of $51.33
Comment:
there was a lower sym support at $43.15 that hit and held up well enough. It's now at $43.78 and on a dip, is a buy.