Here is my outlook for APH over the next month. The stock looks to be in the third wave of an impulsive move higher. Initiating a long/neutral position for a move into the 161.8% Fibonacci extension of Wave 1, followed by larger degree Waves 4 and 5. Immediate profit target at 90 with the potential to add to the position in the Wave 4 pullback. A move below 86 invalidates the setup.
Trade closed: target reached
Profit target hit at 90.00. Closed trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.