Amphenol Corp - Possible 25% Upside?
Not a well known company 
Amphenol Corp 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:
Technically:
What do you think aboutAmphenol Corp, 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
Amphenol Corp 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
Amphenol Corp, 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
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