Roche Holding shares have recently continued to rise. In our primary scenario, we see price continuing to head toward our red Short Target Zone between CHF 394.30 and CHF 415.49. We expect the magenta wave (B) to peak within this zone. We then anticipate a significant downward movement in the form of the subsequent wave (C). Alternatively, however, there is a chance that price will sell off significantly beforehand. In this case, the stock would fall directly below the support level at CHF 312.00 without first reaching a new high (in our zone) (probability 34%).
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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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.