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

Greetings! Our latest Elliott Wave analysis provides an updated outlook for Wisetech Global Limited (ASX: WTC). We observe wave (v)-orange of wave ((iii))-navy still progressing, signaling further upward movement.

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

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 (v)-orange continues to develop and is subdividing into wave v-grey. This wave is expected to push higher, targeting the Medium Level at 150.00.

Invalidation Point: 130.24

ASX: Wisetech Global Limited - WTC 4-Hour Chart Analysis

ASX Stock Analysis for Wisetech Global Limited 

Function: Major Trend (Minuette Degree, Orange)

Mode: Motive

Structure: Impulse

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

Details: Wave v-grey of wave (v)-orange is advancing and could push higher towards 138.00-140.00. If this range is surpassed, the price may rise to 150.00.

Invalidation Point: 130.24

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

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See Previous: WESFARMERS LIMITED – WES Elliott Wave Technical Analysis

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Conclusion

Our analysis for ASX: WISETECH GLOBAL LIMITED (WTC) highlights key Elliott Wave structures, providing insights into both short-term and medium-term market trends. We offer traders actionable insights into potential price movements by identifying crucial price levels for validation or invalidation of our wave count. Stay informed and capitalize on these insights to make informed trading decisions.