* Initial peak at the end of 2021 * Sharp retrace (automatic reaction) followed by quick rally into the secondary test * Sharp fall again on most bearish volume in that period * Long phase B of about 12 months * Down moves so much quicker than the up moves * Distribution occurring through this period * Ultimate high in April 2022 forming an upthrust after distribution * Very weak retest to complete Phase C * Rapid decline in price from $57 to $37 approx in Phase D sell off * One last rally to $47 approx * Back up to the creek and upthrust to complete Phase D * We should now start the Phase E mark down * P&F target is $10.00 - $21.00
This is my technical analysis of the stock using Wyckoff principles. DYOR before making any trades. This is not financial advice.
JBH Price at posting:
$41.90 Sentiment: Sell Disclosure: Not Held
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