Apple Inc.: wave analysis
14 January 2019, 08:32
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 152.21 |
| Take Profit | 172.31, 184.80 |
| Stop Loss | 141.40 |
| Key Levels | 130.00, 141.40, 172.31, 184.80 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 141.30 |
| Take Profit | 130.00 |
| Stop Loss | 145.10 |
| Key Levels | 130.00, 141.40, 172.31, 184.80 |
The price may grow.
On the 4-hour chart, a downward correction formed as the wave (4), shaped as a zigzag with the lengthened wave C of 4. Now the wave C of 4 has developed. If the assumption is correct, the price will grow to the levels of 172.31–184.80. In this scenario, critical stop loss level is 141.40.
Main scenario
Long positions will become relevant during the correction, above the level of 141.40 with the targets at 172.31–184.80. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 141.40 will let the price go down to the level of 130.00.
On the 4-hour chart, a downward correction formed as the wave (4), shaped as a zigzag with the lengthened wave C of 4. Now the wave C of 4 has developed. If the assumption is correct, the price will grow to the levels of 172.31–184.80. In this scenario, critical stop loss level is 141.40.
Main scenario
Long positions will become relevant during the correction, above the level of 141.40 with the targets at 172.31–184.80. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 141.40 will let the price go down to the level of 130.00.
No comments:
Write comments