ATT Inc.: wave analysis
30 March 2018, 09:38
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 35.66 |
| Take Profit | 39.40, 40.61 |
| Stop Loss | 34.40 |
| Key Levels | 32.54, 34.40, 39.40, 40.61 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 34.30 |
| Take Profit | 32.54 |
| Stop Loss | 34.90 |
| Key Levels | 32.54, 34.40, 39.40, 40.61 |
The grwoth of the price is expected.
On the 4-hour chart, the upward momentum is forming as a wave i of 3. Now the entering momentum of the lower level (i) of I has formed, and the downward correction (ii) of i has ended as a triple zigzag wxyxz. If the assumption is correct, the price will grow to the levels of 39.40–40.61. The level of 34.40 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 34.40 with the targets at 39.40–40.61.
Alternative scenario
The breakdown and the consolidation of the price below the level of 34.40 will let the price go down to the level of 32.54.
On the 4-hour chart, the upward momentum is forming as a wave i of 3. Now the entering momentum of the lower level (i) of I has formed, and the downward correction (ii) of i has ended as a triple zigzag wxyxz. If the assumption is correct, the price will grow to the levels of 39.40–40.61. The level of 34.40 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 34.40 with the targets at 39.40–40.61.
Alternative scenario
The breakdown and the consolidation of the price below the level of 34.40 will let the price go down to the level of 32.54.
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