ATT Inc.: wave analysis
28 May 2019, 09:37
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 32.25 |
| Take Profit | 34.28, 36.37 |
| Stop Loss | 30.25 |
| Key Levels | 25.01, 26.82, 30.05, 34.28, 36.37 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 30.00 |
| Take Profit | 26.82, 25.01 |
| Stop Loss | 31.10 |
| Key Levels | 25.01, 26.82, 30.05, 34.28, 36.37 |
The price may grow.
On the 4-hour chart, a downward correction of the higher level developed as the wave (2), and the formation of the third wave (3) began. Now, the first wave of the lower level 1 of (3) is developing, within which the local correction ii of 1 has formed, and the development of the wave iii of 1 has begun. If the assumption is correct, the price will grow to the levels of 34.28–36.37. In this scenario, critical stop loss level is 30.05.
Main scenario
Long positions will become relevant during the correction, above the level of 30.05 with the targets at 34.28–36.37. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 30.05 will let the price go down to the levels of 26.82–25.01.
On the 4-hour chart, a downward correction of the higher level developed as the wave (2), and the formation of the third wave (3) began. Now, the first wave of the lower level 1 of (3) is developing, within which the local correction ii of 1 has formed, and the development of the wave iii of 1 has begun. If the assumption is correct, the price will grow to the levels of 34.28–36.37. In this scenario, critical stop loss level is 30.05.
Main scenario
Long positions will become relevant during the correction, above the level of 30.05 with the targets at 34.28–36.37. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 30.05 will let the price go down to the levels of 26.82–25.01.
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