After reaching our Fibonacci buying zone, Rubrik has broken above our validation level at $106.70. Therefore, we have successfully deactivated this zone.
If you bought at the upper edge of this zone at the 50% Fibonacci level, you would currently be up 22.48%.
Currently, we expect Rubrik to initiate strong bullish movements far above the $106.70 price level and form a bullish White Wave 3.
With this validation today, not only has our Fibonacci buying zone been validated, but also a sustainable and strong uptrend that has been forming since its low with Green Wave 2 at $42.25.
If anything changes with this stock, we will update you immediately.
Kind regards,
Monalytics
DISCLAIMER: The content on this website, including charts, analyses, and recommendations, is for informational purposes only and does not constitute financial, investment, or professional advice. Trading and investing involve risk. You should consult a qualified financial advisor before making any investment decisions.
