$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.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.