14Nov

Unlocking ASX Trading Success: RAMSAY HEALTH CARE LIMITED - RHC Stock Analysis & Elliott Wave Technical Analysis

ASX: RAMSAY HEALTH CARE LIMITED - RHC Elliott Wave Technical Analysis TradingLounge

Greetings! Today's Elliott Wave analysis focuses on the Australian Stock Exchange (ASX) RAMSAY HEALTH CARE LIMITED - RHC. The current wave count indicates that RHC.ASX is still trending lower to complete its corrective wave. Following this, we anticipate a return to the impulse wave, aligning with the primary bullish trend.

ASX: RAMSAY HEALTH CARE LIMITED - RHC 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

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

Details:

The Wave C-grey is unfolding as an Ending Diagonal, with its Wave ((v))-navy continuing to move lower in a Zigzag pattern. Wave (a) and (b)-orange are already complete, while Wave (c)-orange is slightly extending to the downside.

  • Key Invalidation Point: 43.47

RAMSAY-HEALTH-CARE-L...


ASX: RAMSAY HEALTH CARE LIMITED - RHC 4-Hour Chart Analysis

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Diagonal

Position: Wave (c)-orange of Wave ((v))-navy of Wave C-grey

Details:

Wave (c)-orange, part of Wave ((v))-navy within Wave C-grey, is continuing its downward push. The price must remain below 43.47 to sustain this view. However, a price move above 39.72 would signal that the Wave C-grey may have concluded, suggesting a potential shift back to the primary impulse trend.

  • Key Invalidation Point: 43.47

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

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

See Previous: SCENTRE GROUP – SCG 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

RAMSAY-HEALTH-CARE-L...


Conclusion

Our Elliott Wave analysis highlights key price movements and trend structures for ASX: RAMSAY HEALTH CARE LIMITED - RHC. By identifying validation and invalidation points, we provide actionable insights to traders. A break above or below these critical levels offers clear indications for the next phase of the market trend. Combining technical precision with real-time updates, this analysis equips you with a comprehensive perspective to navigate the markets effectively.

Related

Elliott Wave Analysis for JP Morgan & Chase Co. (JPM), Focusing on Both Saily and 1-Hour Charts, Highlights Key Trading Levels

Elliott Wave Analysis for JP Morgan & Chase Co. (JPM), Focusing on Both Saily and 1-Hour Charts, Highlights Key Trading Levels

This article provides a comprehensive Elliott Wave analysis for JP Morgan & Chase Co. (JPM), focusin...

Read More >
Understand How AXIS Bank's Stock is Positioned with Projections Indicating Potential Moves Based on Elliott Wave Theory

Understand How AXIS Bank's Stock is Positioned with Projections Indicating Potential Moves Based on Elliott Wave Theory

This article provides an in-depth Elliott Wave analysis for AXIS Bank, examining current trends, pri...

Read More >
Master ASX Trading: BLOCK INC. (SQ2) Elliott Wave Analysis & Technical Forecast | SQ2 Stock Trading Strategy

Master ASX Trading: BLOCK INC. (SQ2) Elliott Wave Analysis & Technical Forecast | SQ2 Stock Trading Strategy

Our detailed Elliott Wave analysis for ASX Block Inc (SQ2) offers actionable insights into wave coun...

Read More >
GBPUSD Accurate Trend and Market Forecasts: British Pound/U.S. Dollar Forex Elliott Wave Technical Analysis

GBPUSD Accurate Trend and Market Forecasts: British Pound/U.S. Dollar Forex Elliott Wave Technical Analysis

The GBPUSD Elliott Wave analysis provides comprehensive insights into market movements and projectio...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

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

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

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

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • 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