TER shown here on a 30 minute chart has asended in a diverging channel to the resistance of
January pivot high shown in the line and zone drawn onto the chart. My idea is to short it
from here targeting first about 106 which is the line drawn from a pivot before the
paradoxical fall with a decent earnings report. The lower target is the support trendline...
I am not aware of the news that caused today's fall but multiple analysts suggest that this is exaggerated. First target at $97 & second target at $100,5.
Market finished 1-5 Elliot wave pattern, but we are waiting for it to finish ABC correction, our forecast of where end of ABC will be is around 77 zone, since there is a strong demand zone and a 61.8 fib level where market should reverse and go bullish. Our target is the top of the gap that market made a few ago and the gap must be filled eventually.
Entry:...
Monthly bullish candle. Buy any dip from here. Its involved in Robotic automation which is the future and going to see all robots doing the regular labor work in every industry.
Teradyne made a cup & handle, which continues to see strength.
Cup & Handle -- Measured Move
Making a measured move from the floor of the cup, to the resistance which was all time highs, we get a 18 points (12% aprox.) potential move.
Trade
Would follow the 5sma (green line) to take profits for 50% of my position, the other 50% if it takes the Resistance 1...
Price has broken above the golden pocket and is finding support at this level. Price has risen above the 50, 100 and 200 EMA, it may have more room to go.
Price can go test de $69 levels
