EW - Is Medical Tech with 40% Upside is More Attractive Now?

Given that all the tech companies are experiencing a lot of pressure at the moment is it worth investing into medical tech company with potential short term 40% upside?

Fundamental indicators:

• Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years
  
• Profit margin - high efficiency with 20% on average
  
• P/E - quite high with 38x ratio but reduced from 54x in January 2022
  
• Liabilities - no problems with debt
  

Technical Analysis (Elliott Waves):

• EW has enjoyed explosive growth since 2013 and it is clearly visible that this growth cycle is finishing
  
• The last considerable correction was formed by an Ascending Triangle in March 2021
  
• Since then there was was a rapid impulse like movement which has peaked in December 2021. The main question if it was wave 5 or wave 3
  
• Looking at the lower timeframe it is more likely that motive waves 1 and 3 have been formed by zigzags hence we can expect another zigzag of wave 5 after the current Flat correction is completed
  

What do you think about this scenario for EW ? Do you the alternative scenario where an impulse has already completed is more likely?

Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.

Thanks