Long

Amphenol Corp - Possible 25% Upside?

Not a well known company producing fibre-optic products which has surprised market expectations in the last earnings report and may have a good upside for short term investors before global correction.

Fundamental indicators:

Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - is at circa 14.6%
P/E - a little overpriced at 25x
Liabilities - no problems there

Technically:

Following the correction of 2020 which has completed the Expanding triangle, a new 5 wave impulse was developing
Waves 1-4 however have formed already with the last one as a Running Flat
And it's time for the last impulse or diagonal to follow
The target is likely is to update the current high of $88.33 which can make a healthy 25% in a short term

What do you think about , is it able to make the final push for the historic highs?

Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.

Thanks

vitalalyt

In search of the optimal signals

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vitalalyt

In search of the optimal signals