Singkat
Elliott wave retracement pattern and Fibonacci GANN forecast
Tyco has been trending very strong for the last year and half, and is currently trading just below the 52-week high.
A small correction channel (wave A) may provide advance warning of a run at wave B, and then a 50% retracement in wave C.
If price moves above $39.15, another re-test of $41.14 is anticipated. There is minor resistance at $40.93, so the price will need to also climb through that.
If the price advances below 0.61 Fibonacci retracement, the next target is $35.19. Once the breakout occurs, a stop can be placed at 0.75 Fibonacci.
A small correction channel (wave A) may provide advance warning of a run at wave B, and then a 50% retracement in wave C.
If price moves above $39.15, another re-test of $41.14 is anticipated. There is minor resistance at $40.93, so the price will need to also climb through that.
If the price advances below 0.61 Fibonacci retracement, the next target is $35.19. Once the breakout occurs, a stop can be placed at 0.75 Fibonacci.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.