ATT Inc.: wave analysis
16 July 2019, 09:39
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 33.70 |
| Take Profit | 35.13, 36.37 |
| Stop Loss | 33.19 |
| Key Levels | 28.81, 30.36, 33.19, 35.13, 36.37 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 33.10 |
| Take Profit | 30.36, 28.81 |
| Stop Loss | 34.05 |
| Key Levels | 28.81, 30.36, 33.19, 35.13, 36.37 |
The trend is upward.
On the 4-hour chart, the third wave of the higher level (3) develops, within which the wave iii of 1 of (3) forms. Now, the third wave of the lower level (iii) of iii of 1 is developing. If the assumption is correct, the price will grow to the levels of 35.13–36.37. In this scenario, critical stop loss level is 33.19.
Main scenario
Long positions will become relevant during the correction, above the level of 33.19 with the targets at 35.13–36.37. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 33.19 will let the price go down to the levels of 30.36–28.81.
On the 4-hour chart, the third wave of the higher level (3) develops, within which the wave iii of 1 of (3) forms. Now, the third wave of the lower level (iii) of iii of 1 is developing. If the assumption is correct, the price will grow to the levels of 35.13–36.37. In this scenario, critical stop loss level is 33.19.
Main scenario
Long positions will become relevant during the correction, above the level of 33.19 with the targets at 35.13–36.37. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 33.19 will let the price go down to the levels of 30.36–28.81.
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