NXP Semi (NXPI): Time to Buy or Sell?

SUMMARY

Take a look at this chart of NXP Semi (NXPI). It has likely completed a five wave up sequence since price basically collapsed soon afterwards. Would this be the time to be buying dip? Or perhaps profit sell into bounce rallies?

A closer look into the subwaves show that white wave 5 is composed of a complete impulse set (blue). White wave 3 is also well labeld by subwaves; thus qualifying the higher degree of trend labels. The correction is labeled as an ABC for now; though, it could morph into any of 34 combinations. Given that the bounced has already started, it is likely the B wave bounce. The MACD should turn up temporarily for this prior to the C wave down pull.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
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