Elliott Wave Technical Analysis: Phreesia Inc. - Wednesday, March 15

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Phreesia Inc., Elliott Wave Technical Analysis

Phreesia Inc., (Nasdaq: PHR): Daily Chart, 15 March 2023.

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.

Analyst: Alessio Barretta

Phreesia Inc., PHR: 4-hour Chart, 15 March 2023.

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 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.


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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