24Oct

Light & Wonder Inc Stock Elliott Wave Technical chart analysis: Including Potential Price Targets, Invalidation Points, and Strategic Opportunities

ASX: LIGHT & WONDER INC. – LNW Elliott Wave Analysis 1D Chart

Greetings, today’s Elliott Wave analysis focuses on the Australian Stock Exchange (ASX) LIGHT & WONDER INC. (LNW). Our analysis highlights LNW pushing lower to complete wave 2-grey, with the potential for wave 3-grey to rally much higher afterward.

ASX: LIGHT & WONDER INC. – LNW 1D Chart (Semilog Scale) Analysis

ASX: LIGHT & WONDER INC. – LNW Elliott Wave Technical Analysis

Function: Major Trend (Intermediate degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave 2-grey of Wave (3)-orange

Details: Wave 1-grey has just completed as a Diagonal, and wave 2-grey is currently unfolding, pushing lower. This wave could continue to decline. It's important to note that Diagonal patterns often precede sharp movements and deep corrections.

Invalidation Point: 114.35

LIGHT-&-WONDER-INC-1...


ASX: LIGHT & WONDER INC. – LNW 4-Hour Chart Analysis

Function: Major Trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave ((c))-navy of Wave 2-grey

Details: Since wave 1-grey has ended, wave 2-grey is unfolding as a Zigzag labeled ((a))((b))((c))-navy. Wave ((b))-navy likely concluded at 145.67, and wave ((c))-navy is now pushing lower, targeting the next low around 124.51.

Invalidation Point: 145.67

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

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See Previous: Northern Star Resources Ltd Elliott Wave Technical Analysis

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LIGHT-&-WONDER-INC-4...


Conclusion:

Our Elliott Wave analysis for ASX: LIGHT & WONDER INC. (LNW) provides a clear forecast of both the immediate and contextual market trends. We aim to help traders identify potential opportunities by offering specific price points that serve as validation or invalidation signals for our wave counts. By combining these insights, we provide a professional and objective perspective on the evolving market trends for LNW.

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