ASX: News Corporation - NWS Elliott Wave Analysis (1D Chart)

Greetings, our Elliott Wave analysis for today brings an update on News Corporation (NWS) listed on the Australian Stock Exchange (ASX). Our analysis indicates that NWS.ASX might be set to rise within wave ((iii))-navy.

ASX: News Corporation - NWS Elliott Wave Technical Analysis

ASX: News Corporation - NWS 1D Chart (Semilog Scale) Analysis

Function: Major Trend (Minuette degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave ((iii))-navy of Wave 5-grey

Details: Wave 5-grey appears to be extending as it subdivides into wave ((iii))-navy, continuing its upward trajectory. The price must stay above the 40.00 low to maintain this outlook.

Invalidation Point: 40.00

News-Corporation-1D-...


ASX: News Corporation - NWS Elliott Wave Analysis (4-Hour Chart)

ASX: News Corporation - NWS Elliott Wave Technical Analysis

ASX: News Corporation - NWS 4-Hour Chart Analysis

Function: Major Trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave (iii)-orange of Wave ((iii))-navy

Details: Wave ((iii))-navy has been pushing higher since the 40.00 level, subdividing into waves (i) and (ii)-orange. It appears that wave (ii)-orange likely ended at 41.40, with wave (iii)-orange now unfolding to target a high of 47.19.

Invalidation Point: 41.40

Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Wisetech Global Limited Elliott Wave Technical Analysis

Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

News-Corporation-4h-...


Conclusion

Our Elliott Wave analysis, including the short-term forecast for ASX: News Corporation (NWS), aims to provide valuable insights into current market trends, enabling traders to capitalize on these movements effectively. By identifying specific price points that serve as validation or invalidation signals for our wave count, we enhance the reliability of our outlook. Through this analysis, we strive to deliver the most objective and professional perspective on market trends.

Related

Learn about BTC price movements, trading strategies, and technical indicators: Bitcoin (BTCUSD) Elliott Wave analysis

Learn about BTC price movements, trading strategies, and technical indicators: Bitcoin (BTCUSD) Elliott Wave analysis

Get an in-depth Elliott Wave analysis of Bitcoin (BTCUSD) on both daily and 4-hour charts. Learn abo...

Read More >
Ethereum Elliott Wave Analysis: Detailed ETHUSD Price Prediction, Support & Resistance Levels, and Market Trends

Ethereum Elliott Wave Analysis: Detailed ETHUSD Price Prediction, Support & Resistance Levels, and Market Trends

Ethereum Elliott Wave analysis to understand ETH/USD price trends, key support and resistance levels...

Read More >
Alibaba Group Holdings Ltd. (BABA) Stock Analysis: Price Prediction, Resistance Levels & Trading Strategy for Market Trends

Alibaba Group Holdings Ltd. (BABA) Stock Analysis: Price Prediction, Resistance Levels & Trading Strategy for Market Trends

Alibaba stock analysis focuses on Elliott Wave patterns to predict BABA’s price movement. Currently...

Read More >
NASDAQ STOCKS, AAPL, AMZN, NVDA, META, NFLX, GOOGL, MSFT, TSLA. Elliott Wave Analysis

NASDAQ STOCKS, AAPL, AMZN, NVDA, META, NFLX, GOOGL, MSFT, TSLA. Elliott Wave Analysis

Our latest Elliott Wave analysis for NASDAQ and SP500 stocks indicates that many tech stocks are con...

Read More >
URW Elliott Wave Analysis for ASX Stock Unibail Rodamco Westfield Provides Critical Insights into Potential Stock Price Movements

URW Elliott Wave Analysis for ASX Stock Unibail Rodamco Westfield Provides Critical Insights into Potential Stock Price Movements

Our latest Elliott Wave analysis for ASX UNIBAIL-RODAMCO-WESTFIELD (URW) provides critical insights ...

Read More >
British Pound/Japanese Yen(GBPJPY)  Forex Elliott Wave Technical Analysis: Technical levels and future market directions

British Pound/Japanese Yen(GBPJPY)  Forex Elliott Wave Technical Analysis: Technical levels and future market directions

This detailed analysis of GBPJPY using the Elliott Wave theory offers a deep dive into the correctiv...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on