Wave Structure Identified:
š¤ Primary Wave: Black numbers ā currently unfolding Wave (2) correction.
šµ Intermediate Wave: Blue numbers ā Intermediate (1) was an extended leading diagonal.
š“ Minor Wave: Red numbers ā used within the diagonal of Intermediate (1).
Current Zone = Correction Opportunity:
This is Primary Wave (2) correction.
Price is in a value accumulation zone between 50 & 200 EMA on the Weekly chart.
Ideal accumulation above ā¹60 for long-term investors.
Buy Zone and Risk Management:
Best to accumulate above ā¹60.
Important support at ā¹53.16 ā acts as a stop-loss or invalidation level.
Volume and MA structure suggest stability in this range.
Target Projections (Fibonacci levels from Wave 1):
0.382: ā¹93
0.5: ā¹105
0.618: ā¹116
1.0: ā¹154
1.618: ā¹215
Investor Tip:
This is the 2nd correction zone ā often a golden opportunity to accumulate before Wave (3).
Summary:
IMAGICAAWORLD is currently in Primary Wave (2) correction after completing an extended Intermediate Wave (1) in a leading diagonal pattern. The stock is trading in a value zone between the 50 and 200 weekly moving averages ā a key area for smart accumulation. Holding above ā¹60 keeps the bullish structure valid, with support around ā¹53. The next potential targets lie between ā¹93 and ā¹215 based on Fibonacci projections. This second correction phase offers a strong long-term opportunity for investors willing to study both technical and fundamental aspects.
Do your due diligence ā study fundamentals alongside the chart for conviction.
š¤ Primary Wave: Black numbers ā currently unfolding Wave (2) correction.
šµ Intermediate Wave: Blue numbers ā Intermediate (1) was an extended leading diagonal.
š“ Minor Wave: Red numbers ā used within the diagonal of Intermediate (1).
Current Zone = Correction Opportunity:
This is Primary Wave (2) correction.
Price is in a value accumulation zone between 50 & 200 EMA on the Weekly chart.
Ideal accumulation above ā¹60 for long-term investors.
Buy Zone and Risk Management:
Best to accumulate above ā¹60.
Important support at ā¹53.16 ā acts as a stop-loss or invalidation level.
Volume and MA structure suggest stability in this range.
Target Projections (Fibonacci levels from Wave 1):
0.382: ā¹93
0.5: ā¹105
0.618: ā¹116
1.0: ā¹154
1.618: ā¹215
Investor Tip:
This is the 2nd correction zone ā often a golden opportunity to accumulate before Wave (3).
Summary:
IMAGICAAWORLD is currently in Primary Wave (2) correction after completing an extended Intermediate Wave (1) in a leading diagonal pattern. The stock is trading in a value zone between the 50 and 200 weekly moving averages ā a key area for smart accumulation. Holding above ā¹60 keeps the bullish structure valid, with support around ā¹53. The next potential targets lie between ā¹93 and ā¹215 based on Fibonacci projections. This second correction phase offers a strong long-term opportunity for investors willing to study both technical and fundamental aspects.
Do your due diligence ā study fundamentals alongside the chart for conviction.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.