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

Tesla Inc.(TSLA:NASDAQ) Elliott Wave Technical Analysis 18 October 23

Tesla Inc.(TSLA:NASDAQ) Elliott Wave Technical Analysis 18 October 23

Tesla Inc.(TSLA:NASDAQ) Elliott Wave Technical Analysis  TSLA: 1-hour Chart and 4H Chart, 18 October...

Read More >
U.S. Dollar / Canadian Dollar Forex Pair - Elliott Wave Technical USDCAD Analysis Offers Valuable Insights for your Trading Strategy

U.S. Dollar / Canadian Dollar Forex Pair - Elliott Wave Technical USDCAD Analysis Offers Valuable Insights for your Trading Strategy

This article provides an in-depth analysis of USDCAD using the Elliott Wave theory. It covers both i...

Read More >
Technical Analysis of Adani Green Energy Stock with Elliott Wave Insights: Understand Share Price and Trends Movements

Technical Analysis of Adani Green Energy Stock with Elliott Wave Insights: Understand Share Price and Trends Movements

Dive into the technical analysis of Adani Green Energy stock with Elliott Wave insights. Understand ...

Read More >
Gold (XAUUSD) Price Forecast 2024: Elliott Wave Insights, Bullish Trends, Key Levels, and Market Outlook for Smart Investment Decisions

Gold (XAUUSD) Price Forecast 2024: Elliott Wave Insights, Bullish Trends, Key Levels, and Market Outlook for Smart Investment Decisions

Gold is set to continue its bullish trend as Elliott Wave analysis highlights key levels and forecas...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

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

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

Gain a competive edge with expert insights in to:

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

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • 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