ASX: Wisetech Global Limited Elliott Wave Analysis TradingLounge (1D Chart)

Welcome to today’s Elliott Wave analysis update for Wisetech Global Limited (ASX: WTC). Our current view shows that wave (v)-orange of wave ((iii))-navy continues to unfold, indicating the potential for further upward movement.

ASX: Wisetech Global Limited - WTC 1D Chart (Semilog Scale) Analysis

WTC Elliott Wave Technical Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave v-grey of wave (v)-orange of wave ((iii))-navy

Details: Wave iv-grey has likely completed, and wave v-grey of wave (v)-orange is currently unfolding, suggesting a potential continuation to the upside.

Invalidation Point: 130.24

ASX: WISETECH GLOBAL LIMITED - WTC 4-Hour Chart Analysis

Function: Major trend (Minuette degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave v-grey of wave (v)-orange

Details:
Wave iv-grey appears to have concluded, and wave v-grey of wave (v)-orange unfolds with a target range of 138.00-140.00. If this level is breached, we may see further advances toward 150.00.

Invalidation Point: 130.24

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

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Conclusion: 

Our Elliott Wave analysis of WISETECH GLOBAL LIMITED (ASX: WTC) offers a comprehensive view of current market trends. We provide key price levels, such as validation or invalidation points, to help traders enhance their confidence in the wave count. By incorporating these insights, we aim to give a professional, objective perspective on market movements, allowing readers to better position themselves in the market.