WAT faces upcoming monthly cycle trough risk (Feb-Sep next year) but shows positive momentum with no current weakness; weekly timing suggests caution.
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This is Waters Corp. In the monthly time frame, we have 44 bar cycles with minor half cycles. You can see there's that minor cycle trough and the move back up. Very choppy. Uh this cycle has just been kind of in a range between this all-time high at 428.22 and that recent low just moving back and forth.
Uh we do have a cycle timing window in this time frame coming up uh in February that runs through uh September. So uh beginning to middle of next year, we would expect this to uh pull back and form some kind of a trough.
Right now we have positive momentum. So, if it's able to break through this uh cycle peak, then the next level up is this long-term 78.6% extension at 44713. Right now, no sign of the weakness that uh we would expect to begin developing at some point to form this monthly cycle trough.
The weekly chart, maybe we can get some more information here. Here is our weekly time frame, 30 bar average cycle length. There's that uh cycle peak again just trying to break through there.
We've got these tweezer tops and uh we do have a timing window imminently coming up 9:14 to 10:23. Once again, aside from those tweezer tops, we don't have any sign of that weakness forming and momentum in here is positive.
So uh there is some reason for caution just based on timing but moment is not uh action are not giving us anything that shows that that is taking place yet.
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