Jul. 2 at 8:39 PM
$QUIK
Continuing my earlier post, here is a daily chart going back to November 2025, with a Wave2-Wave3 Fibonacci retracement grid for Wave 4 guidance.
Because of the large Wave 3 (
$5.28) to Wave 3 (
$24.33) size, QUIK can drop a lot and still be in a standard Wave 4 correction.
Typically, we could expect 38.2% to 50% retracement, where 50% is
$14.81.
A "normal" retracement can less frequently drop 61.8% (
$12.56) or more.
There are two gaps on the chart, one of which filled today.
The second gap is still within a 61.8% retracement.
It would be healthy for these chart gaps to fill, and still allow the stock to make the projected Wave 5 higher.
It would require strong Q2 and Q3 earnings though, IMO.
