Apple Inc.: wave analysis
10 May 2018, 09:31
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 187.27 |
| Take Profit | 200.00, 205.00 |
| Stop Loss | 174.11 |
| Key Levels | 160.17, 174.11, 200.00, 205.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 174.00 |
| Take Profit | 160.17 |
| Stop Loss | 178.65 |
| Key Levels | 160.17, 174.11, 200.00, 205.00 |
The trend is upward.
On the 4-hour chart, the fifth wave (5) of the higher level is developing. Now the wave 3 of (5) is developing as a momentum. If the assumption is correct, the price will grow to the area of 200.00–205.00. The level of 174.11 is critical and stop-loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 174.11 with the targets at 200.00–205.00. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 174.11 will let the price go down to the level of 160.17.
On the 4-hour chart, the fifth wave (5) of the higher level is developing. Now the wave 3 of (5) is developing as a momentum. If the assumption is correct, the price will grow to the area of 200.00–205.00. The level of 174.11 is critical and stop-loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 174.11 with the targets at 200.00–205.00. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 174.11 will let the price go down to the level of 160.17.
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