I wanted to give everyone a quick update on my view about the Zurich Airport Stock (SIX). FHZN Since last week i am waiting for a correction, which will bring us down to the lower trendline.
The Price recovered a couple percents but this doesn't change my view in the slightest. Look at how accurate the orange Wave 4 stopped at the previous high of Wave 2.
If we should break out over the High of Wave 2 and 4, i will start looking for a low risk LONG entry.
My Setup for FHZN Entry: ca 117.00 CHF SL: 108.40 CHF TP: 161.00 CHF
Note
Waiting for the correction to the lower trendline (Black).
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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