Whilst it’s above $194.00 I would allow for a dip then further upside, wave 5 still appears to be missing a down-up sequence to complete 5 waves from the Nov 2018 lows. The pattern appears to be supporting an impulse wave from its all-time low (inception), however, unless a break back below $194.00 I would still allow for a down-up series of moves as shown before wave 5 is completed.
With the euphoric sentiment surrounding this stock, it could be a good sign to consider selling some of any position you may have, and deploying that money elsewhere and look for stocks that are ready to move higher rather than chasing stocks that have already rallied.
“NOW” is probably not the time to be buying this stock.
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