Avery Denison Corp. (AVY): Many More Years of Higher Highs

in #money6 years ago

SUMMARY

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Avery Denison Corp. (AVY) isn't topping out at the end of wave 5 but rather at wave 3 as shown in the below chart. However, these bule subwaves are actually subwaves to a higher degree of trend. How does it jive for that? MACD has also turned down from an oversold state.

The primary degree of trend purple waves can assimilate the blue subwaves. Purple 3 is not yet complete and the topping process currently being seen is for blue 3 of purple 3. The red ABC has already initiated with red A being complete. AVY has years of higher highs to go; not without corrections, however.

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.

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