The Long Investor
patreon
$ELF - WATCHLIST -
🕑 Added 2025-05-22 12:31:50 +0000 UTCBeautiful chart here.
5 Waves up, 3 waves down to the 0.78 Fib, followed by a bounce and moving back to the 200 WMA at the 0.618 Fib at $88.
Could not be more textbook.
Only one bounce so far since the 0.78 Fib at $52, so assuming the price action continues up to $88 for Wave 1, I have added in the green fibs to show where Wave 2 can pull back too and that is the perfect buy entry range.
Keep on your watchlist.
Comments
Daniel
really excited on this one CAP. Still lots of growth potential even after its wave 1 run up near $220 per share, estimating double digit rev growth at least for next 3 years, EPS growth still solid, has great pricing power on product that is already cheap but appeals VERY much to the younger generation AND has reassured that becoming more diversified from a manufacturing perspective and not so heavy in China is in the works.
safoo
Earnings May 28
