$ALGN - Align Technologies Inc Perfectly Aligned With EWP
If ever there was a textbook example of a 5 wave impulse, this is it.
The beauty of the EWP is that one can use it for macro and micro forecasting.
Here, i look at the monthly chart of ALGN and one can see since listing, a textbook 5 wave advance from the 2002 low to the peak in 2022, make that a 20 year bull market.
What is even more interesting is that the big corrections for wave II and wave IV coincide with the 2008 Global Financial Crisis and the sell-off from the Covid-19 pandemic.
The share is currently trading 64% below its all time highs. Though this is a significant discount, the share can still go lower but the long-term cyclical prospects look very good.
The beauty of the EWP is that one can use it for macro and micro forecasting.
Here, i look at the monthly chart of ALGN and one can see since listing, a textbook 5 wave advance from the 2002 low to the peak in 2022, make that a 20 year bull market.
What is even more interesting is that the big corrections for wave II and wave IV coincide with the 2008 Global Financial Crisis and the sell-off from the Covid-19 pandemic.
The share is currently trading 64% below its all time highs. Though this is a significant discount, the share can still go lower but the long-term cyclical prospects look very good.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.