Analysis Summary for Edwards Lifesciences (EW)
Date of Analysis: April 11th, 2024
Time Target: A 3-year up composite cycle arrives on September 12th, 2024.
Price Target: $103 (+/- $3)
Projected Move: Even though the recent high makes long-term geometrical sense, after superposing it with the mid-term analysis, as well as taken into account that our major time variable arrives in September of 2024 (with 2-3 weeks of associated variance), we have come to the conclusion that it was not THE top.
EW should continue its current rally. Our time/price and mathematical calculations suggest the top will arrive at around $103 – most likely in mid-September (+/- a couple of weeks variance). Once the top is put in place, EW is expected to decline more than 50%.
The next down-cycle composite is expected to arrive in November of 2025. As the chart below suggests we expect to see $44 (+/- $2) by that time. Lower targets are also possible.
In summary, we expect EW to move to the downside between mid September of 2024 and early November of 2025.
