Allergan (AGN): VERY BULLISH!!

in #money6 years ago

SUMMARY

Note: For anyone who missed the BitcoinLive Information Webinar, here is the replay link: https://www.youtube.com/watch?v=32l40SNYOp4

As of June 4th, ALL Crypto Analysis will be posted on the BitcoinLive channel and Steemit will be dedicated for Equity, Commodity and Options Analysis. To Signup for the BitcoinLive limited Founding Membership slots, use this link: https://get.bitcoin.live/haejin/

__

When is the best time to buy? IMHO, the best time to buy is at the terminal end of a correction. This kind of setup can be clearly seen with Allergan (AGN). As the chart below shows, the Elliott Waves 1,2 and 3 are complete and corrective 4 is already and if not just about to finish. What comes after 4? Wave 5! IF this cound is correct, the years to come can deliver 211% in profits via wave 5 alone.

The wave 4 is taking a downward wedge pattern as shown. This is also EW labeled as ABC. While price can decline a bit more, it represents a fine potential to cast a buy ladder! Clearly, AGN personality includes an affinity for triangles given that white wave 2 was also a symmetrical triangle.

See how the MACD is also diverging from price action of making lower lows by making higher lows. This is a bullish divergence and when compounded with pattern and EW; the setup is bullish!

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Sort:  

Thanks for sharing this post with us and wishing you an great day. Stay blessed

Very intresting, i like your posts ! Good job

Posted using Partiko Android

Wow
Nice tips
Thanks for the tips U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif

Coin Marketplace

STEEM 0.36
TRX 0.12
JST 0.040
BTC 70446.49
ETH 3571.68
USDT 1.00
SBD 4.73