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Phreesia Inc.(PHR:NASDAQ) Elliott Wave Technical Analysis15 March 23


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Phreesia Inc., Elliott Wave Technical Analysis

Phreesia Inc., (PHR:NASDAQ): Daily Chart, 15 March 23,

PHR Stock Market Analysis: Looking for resumption of the uptrend in wave {v} as we can identify a three wave move into wave {iv}. Alternatively we could be in a wave 4 if wave A was wave 1 instead.

PHR Elliott Wave Count: Wave {iv} of C.

PHR Technical Indicators: Support on the 200EMA.  

PHR Trading Strategy: Looking for a break of wave (b) to have further confirmation.

TradingLounge Analyst: Alessio Barretta

 

PHR_3_15.png.46587821a5c531b2b2e0f23c87846ec8.png

 

Phreesia Inc., PHR: 4-hour Chart, 15 March 23,

Phreesia Inc., Elliott Wave Technical Analysis

PHR Stock Market Analysis: We can see how we reacted off the 38.2% of wave {iii} which is typical for a wave {iv} as well as it found support near the wave (iv) of one lesser degree.

PHR Elliott Wave count: Wave (c) of {iv}.

PHR Technical Indicators: Support on the 200EMA.  

PHR Trading Strategy: Looking for a break of wave (b) to have further confirmation.

PHR_4H.png.e723388afbbdde7e1e48ec80f28dddd2.png

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