Technical analysis by Andy1GP about Symbol MOVR: Buy recommendation (2/10/2024)

Text describes my view on the current situation,TLDR $35 coming by march with TP targets shown on blue elliot waveThe triangle breakout and retest shows that new momentum could be returning if we can confirm the lower high structureThe move to $44 resembles a leverage liquidation event and for the time being I believe we will start clawing back the gains from that huge move, using Fib retraces and targeting the .702 areaThis gives us our shorter term targets (timeframe approximately 6weeks give or take until end of march)Zooming out slightly on this idea one can see I posted some confluence on 2 fibs drawn separately at $53 to $541.618 and 1.272 respectivelyThis gives us an outlook of where to look to base next before penultimately moving to 72-94 rangePrice targets still in play$61$88$165