APH is approaching our first resistance at 92.97 (Horizontal overlap resistance, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 86.29 (38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
APH is approaching our first resistance at 92.97 (horizontal overlap resistance, 100% Fiboancci extension, 76.4% fiboancci retracement) where a strong drop might occur to our first support at 86.29 (38.2% fibonacci retracement ).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
APH is approaching our first resistance at 82.35 (horizontal pullback resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 75.80 (horizontal swing low support, 100% fiboancci extension).
RSI (55) is also approaching resistance where we might see a...
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...
Looks like a nice tech stock with perfect bullish trend. Following Bull channel with nice harami candles satisfying the past trends.
Looking for a decent 5% profit in coming week.
@APH
AMPHENOL reached a"longterm" Action Point - the last Top @ 60$.
Above that Level i exspect a Breakout-Move up to 72$.
In my Chart i have illustrated the thinkable longposition. That`s just my view, trade your own view :-)
