FLY Elliott Wave Analysis
Current price action suggests FLY is entering a bullish impulsive phase. After completing a corrective structure, the stock is now gaining momentum toward our Fibonacci extension targets.
Target 1: $50 (Primary)
Target 2: $62 (Extended)
Outlook: Bullish as long as the recent swing low holds. Looking for a clean 5-wave move to the upside.
Risk Management: Invalidation occurs on a break below the Wave 2/B low.
Current price action suggests FLY is entering a bullish impulsive phase. After completing a corrective structure, the stock is now gaining momentum toward our Fibonacci extension targets.
Target 1: $50 (Primary)
Target 2: $62 (Extended)
Outlook: Bullish as long as the recent swing low holds. Looking for a clean 5-wave move to the upside.
Risk Management: Invalidation occurs on a break below the Wave 2/B low.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.