ATT Inc.: wave analysis
13 September 2017, 08:51
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 36.11 |
| Take Profit | 42.50 |
| Stop Loss | 33.95 |
| Key Levels | 31.80, 35.00, 42.50 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 34.90 |
| Take Profit | 31.80 |
| Stop Loss | 35.95 |
| Key Levels | 31.80, 35.00, 42.50 |
The growth of the price is expected.
On the 4-hour chart the downward correction of the higher level has formed as a wave 2. Locally the downward momentum as a wave c of 2 has ended. If the assumption is correct, the price will grow to the level of 42.50. The level of 35.00 is critical for this scenario.
Main scenario
Long positions can be opened above the level of 35.00 with the target at 42.50.
Alternative scenario
The breakdown and the consolidation of the price below the level of 35.00 will let the price go down to the level of 31.80.
On the 4-hour chart the downward correction of the higher level has formed as a wave 2. Locally the downward momentum as a wave c of 2 has ended. If the assumption is correct, the price will grow to the level of 42.50. The level of 35.00 is critical for this scenario.
Main scenario
Long positions can be opened above the level of 35.00 with the target at 42.50.
Alternative scenario
The breakdown and the consolidation of the price below the level of 35.00 will let the price go down to the level of 31.80.
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