CAR GROUP LIMITED – CAR Asx Stock TradingLounge (1D Chart)

Greetings, today's Elliott Wave analysis provides an updated view of the Australian Stock Exchange (ASX) CAR GROUP LIMITED – CAR. Our analysis suggests CAR.ASX is positioned to push higher, though it will require additional price action to fully confirm the wave count and reach its highest probability.

ASX: CAR GROUP LIMITED – CAR 1D Chart (Semilog Scale) Analysis

CAR Elliott Wave Technical Analysis

Function: Major trend (Minor degree, gray)

Mode: Motive

Structure: Impulse

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

Details: Wave (iii)-orange is progressing higher, targeting the 40.00 - 41.00 range. Early indications suggest that an alternative wave count scenario (ALT), which proposes a more extended wave (ii)-orange, is gaining credibility. This scenario could delay the upward movement we anticipate.

Invalidation Point: 36.16

Car-Group-Limited-1D...


ASX: CAR GROUP LIMITED – CAR 4-Hour Chart Analysis

ASX: CAR GROUP LIMITED - CAR Elliott Wave Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

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

Details: On a closer look, wave (i)-orange has completed, and wave (ii)-orange seems to be wrapping up. Wave (iii)-orange might soon unfold to move higher. However, some weakness in this wave count and the uncertain structure suggest wave (ii)-orange could extend longer than initially projected. It would be wise to wait for further clarification before taking action in this trend.

Invalidation Point: 36.16

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

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

See Previous: Computershare Limited Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

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

Car-Group-Limited-4h...


Conclusion:

Our Elliott Wave analysis on ASX: CAR GROUP LIMITED – CAR offers a comprehensive view of the current trends and potential price movements. We provide specific price levels as validation or invalidation points, enhancing the accuracy of our wave count. This helps traders confidently align with market movements. Our objective is to provide a clear and professional insight into the market's probable future direction.

Related

BTC Price Prediction & Crypto Market News Today: Bitcoin Elliott Wave Technical Analysis, Key Support and Expert Trading Strategies

BTC Price Prediction & Crypto Market News Today: Bitcoin Elliott Wave Technical Analysis, Key Support and Expert Trading Strategies

This article provides a detailed BTCUSD Elliott Wave analysis, outlining Bitcoin’s current price ac...

Read More >
UNIUSD Crypto Price and Elliott Wave Technical Analysis Uniswap's Focusing on Wave Structure and Bullish Momentum

UNIUSD Crypto Price and Elliott Wave Technical Analysis Uniswap's Focusing on Wave Structure and Bullish Momentum

This article provides an in-depth Elliott Wave analysis of Uniswap (UNIUSD), covering price movement...

Read More >
Unlock the Future of Brambles Limited Stock with Expert BXB Elliott Wave Analysis: ASX Stock Forecast Revealed

Unlock the Future of Brambles Limited Stock with Expert BXB Elliott Wave Analysis: ASX Stock Forecast Revealed

This detailed analysis of Brambles Limited (BXB) on the Australian Stock Exchange (ASX) provides ins...

Read More >
Market dynamics: Microsoft Inc.(MSFT) Elliott Wave Technical Analysis Insights

Market dynamics: Microsoft Inc.(MSFT) Elliott Wave Technical Analysis Insights

Our Elliott Wave analysis of Microsoft Inc. (MSFT), reveals a counter-trend sentiment with correctiv...

Read More >
Gold (XAUUSD) Elliott Wave Technical Analysis: Navigating Waves and Patterns for Market Insight

Gold (XAUUSD) Elliott Wave Technical Analysis: Navigating Waves and Patterns for Market Insight

In the intricate world of Elliott Wave analysis, the current outlook for gold suggests a zigzag patt...

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