CERN Investing Opportunity – Elliott Wave
CERN – Long Term Swing Trading Opportunity – Elliott 5th Wave by tradethefifthcom on TradingView.com
Its always great to have long term investments in your portfolio with strong growth Stocks. CERN is getting ready to be added to our portfolio after a recent wave 4 pullback on the weekly timeframe. CERN Investing opportunity for around 6 months
Using our Elliott Wave Indicator Suite for the TradingView Platform we can see the recent wave 4 met all of our criteria for behaviour.
1. Wave 4 pullback found support in the amber zone of our probability pulback zones, representing an 80% probability the price will go on to reach our automated target zone (in blue on the chart) around $80.
2. Elliott Wave oscillator pulled back between 90-140% during wave 4 pullback
3. Stochastic has pulled back against false breakout dots in over bought zone and then crossed in over in the oversold zone during wave 4.
A conservative entry through $69.55 is sensible here and will be a physical holding that will run into next year, 2020.
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