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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