Phreesia Inc.(PHR:NASDAQ) Elliott Wave Technical Analysis 20 April 23

[tradinglounge]

Phreesia Inc., Elliott Wave Technical Analysis

Phreesia Inc., (PHR:NASDAQ): Daily Chart, 20 April 23,

PHR Stock Market Analysis: We have been moving higher ever since we looked at the count with the potential diagonal in wave C which now is confirmed. We’ll only need to see in what higher degree wave we are and that needs further developments.  

PHR Elliott Wave Count: Wave {i} of 1.  

PHR Technical Indicators: Above all averages.

PHR Trading Strategy: Looking for upside to first break the base of the ending diagonal as additional confirmation.  

TradingLounge Analyst: Alessio Barretta

 

 

 

Phreesia Inc., PHR: 4-hour Chart, 20 April 23,

Phreesia Inc., Elliott Wave Technical Analysis

PHR Stock Market Analysis: Looking for an extension within wave (iii), which would mean every pullback from now on, in small timeframes should stay supported.  

PHR Elliott Wave count: Wave iii of (iii).  

PHR Technical Indicators: Above the 200EMA.

PHR Trading Strategy: Looking for longs in small timeframes.