Growth is possible.

On the daily chart, the fifth wave of the higher level (5) forms, within which the wave 1 of (5) ended, a correction developed as the second wave 2 of (5), and the third wave 3 of (5) forms. Now, the third wave of the lower level iii of 3 is developing, within which the wave (iii) of iii is forming. If the assumption is correct, the asset will grow to the area of 280.00–300.00. In this scenario, critical stop loss level is 219.70.

Shares of Apple Inc., a giant in the development and sale of personal and tablet computers, are moving in a corrective trend at 248.00.