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Facebook Inc. (FB/NASD): general analysis 06 December 2019, 11:19

Facebook Inc. (FB/NASD): general analysis 06 December 2019, 11:19 Scenario Timeframe Intraday Recommendation SELL STOP ...

Aug 14, 2019

IBM Corp.: wave analysis 14 August 2019, 09:55


Scenario
Timeframe Weekly
Recommendation SELL
Entry Point 135.75
Take Profit 126.67
Stop Loss 140.70
Key Levels 126.67, 140.70, 146.60, 152.79
Alternative scenario
Recommendation BUY STOP
Entry Point 140.75
Take Profit 146.60, 152.79
Stop Loss 138.80
Key Levels 126.67, 140.70, 146.60, 152.79
The price may fall.
On the 4-hour chart, an upward correction of the higher level formed as the wave (4) of C, and the development of the wave (5) began. Now, the first wave of the lower level 1 of (5) is developing, within which the wave iii of 1 is developing. If the assumption is correct, after the correction the price will fall to the level of 126.67. In this scenario, critical stop loss level is 140.70.


Main scenario
Short positions will become relevant during the correction, below the level of 140.70 with the targets at 126.67. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price above the level of 140.70 will let the price grow to the levels of 146.60–152.79.

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