ILMN recently extended its advance but has begun to show mild signs of weakness again. Imminent additional upside momentum should still emerge, allowing the stock to push above the $156.66 resistance and establish the final high of the current corrective rally. After that, stronger selling pressure should take hold. That move should drive the shares below the $68.70 support and initiate the larger bottoming phase. Specifically, this base formation should unfold within the green Target Zone ($54.08 – $26.57). However, if the anticipated rebound fails to hold and price instead turns lower again in the near term, the alternative scenario (probability: 34%) could come into play. In that case, the stock would already be in the final stage of the ongoing decline, which would carry it directly below the $68.70 support. As a result, the green Target Zone ($54.08 – $26.57) would be approached sooner.
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.