INFINEON TECH.AG NA O.N.

XETR

IFX

Infineon seems to have finished a primary 4th wave correction. It looks like a zig-zag. Wave C equals wave A. If the price does not go under the yesterday low, than I would guess it has begun a primary 5th wave. If it goes under, that means the correction is not finished. Much depends also on the overall performance of the DAX either. DAX has left a final fifth...

On the 23rd of July I published this scenario and with big steps the share price moves to the target area. There should now be kept watch for the trend reversal. If this happens, the first reset (as a circled 2) should be used to buy the stock. Perhaps the rising 200-weekly line is the corresponding trend reversal / target...

Infineon may ended the A corrctional wave that is consisting of 5 clearly recognizable sub-waves. Now a little bounce can be expected in 3 waves (a-b-c) as wave B or wave 2 in case the previous was a wave 1 not an A. The price target is between the 0,382 and 0,618 Fibonacci levels. Maybe 0,618 is more likely regarding that IFXF tends to be volatile.

CHXEUR:IFXD On a technical basis IFXD shows bearish signs, according to my personal opinion. It seems to have reached the end of the cycle level wave 3 that reached the 2,618 Fibonacci level of the 1st wave (from the bottom of wave 2) and now it should make a corrective A-B-C pattern till it reach wave 4. I guess this process will take several months even years.

Based on previous support and resistance zones, in combination with the fibonacci retracements I believe the market will re-enter the support box which would be the entry point to buy, after which I think the market will retrace back to a prior resistance at approximatly 22,45. I trade options myself so for people out there who agree with the prediction I would...

As we see here, the heavy resistance is broken. price might come down for a retest, but then it should go to the top of the channel. Plus we are in a very long uptrend, so odds are on our side.

Daily Close above MA200 opens potential to 14,50€