Hexatronic seems to be in an uptrend in my opinion and it has retraced very deep every single time it made new all-time highs.
In EWT wave 2s are the ones that retrace very deep and if we take into account that there might be several wave degrees with 1-2 setups it means the stock might rise to new highs again.
Considering the retracement from the very bottom of the price history is already approaching the 88.7% fib level The risk is fairly low in comparison to the upside.
Based on the assumption of several 1-2 setups that need to unfold as 5 wave cycles the company has a bright future ahead and as far as I´m aware this is shared by the fundamental analysts as well.
Please, comment if you have questions and support my idea if you like it.
In EWT wave 2s are the ones that retrace very deep and if we take into account that there might be several wave degrees with 1-2 setups it means the stock might rise to new highs again.
Considering the retracement from the very bottom of the price history is already approaching the 88.7% fib level The risk is fairly low in comparison to the upside.
Based on the assumption of several 1-2 setups that need to unfold as 5 wave cycles the company has a bright future ahead and as far as I´m aware this is shared by the fundamental analysts as well.
Please, comment if you have questions and support my idea if you like it.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.