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.