09Dec

ASX: WiseTech Global Limited (WTC) - Elliott Wave Analysis, Stock Trends, Technical Charts, Price Forecasts, and Trading Strategies

ASX: WISETECH GLOBAL LIMITED - WTC Elliott Wave Technical Analysis

Greetings, our updated Elliott Wave analysis focuses on the Australian Stock Exchange (ASX) and WISETECH GLOBAL LIMITED (ASX:WTC). The stock appears to continue its upward momentum within a 5-grey wave pattern.

ASX: WISETECH GLOBAL LIMITED - WTC 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave 5-grey of Wave (3)-orange of Wave ((1))-navy

Details:
Wave 4-grey seems to have concluded around the 97.90 mark, setting the stage for wave 5-grey to progress further upward.

  • Invalidation point: 97.90

WISETECH-GLOBAL-LIMI...


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

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave ((iii))-navy of Wave 5-grey

Details:
A closer examination suggests wave 4-grey likely ended at 97.90, initiating wave 5-grey. This wave is subdividing further into smaller waves ((i)) and ((ii))-navy, both of which appear to have completed. Following the low at 112.12, wave ((iii))-navy seems to be taking shape as it moves higher.

  • Invalidation point: 112.12

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

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

See Previous: ASX: BHP GROUP LIMITED - BHP 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

WISETECH-GLOBAL-LIMI...


Conclusion

This analysis aims to provide valuable insights into the ongoing market trends for ASX: WISETECH GLOBAL LIMITED (WTC). By identifying critical price levels that validate or invalidate our Elliott Wave count, we ensure an objective view of the stock's potential movements. This approach helps traders effectively interpret market trends and make informed decisions with enhanced confidence.

Related

Theta Token (THETAUSD) Wave 4 Consolidation Near Fibonacci Support Points to Wave 5 Breakout Opportunity in Bullish Elliott Wave Setup

Theta Token (THETAUSD) Wave 4 Consolidation Near Fibonacci Support Points to Wave 5 Breakout Opportunity in Bullish Elliott Wave Setup

Theta Token (THETAUSD) is consolidating in wave 4 within a bullish Elliott Wave structure. A breakou...

Read More >
Walmart Inc. (WMT) Elliott Wave Technical Analysis: Stock Price Prediction, Trend Forecast, and Market Insights for Investors

Walmart Inc. (WMT) Elliott Wave Technical Analysis: Stock Price Prediction, Trend Forecast, and Market Insights for Investors

Elliott Wave analysis of Walmart Inc. (WMT), covering both daily and 1-hour charts. The analysis hig...

Read More >
U.S.Dollar /Canadian Dollar(USD/CAD) Elliott Wave Technical Analysis: Unveils USD/CAD Trading Strategies

U.S.Dollar /Canadian Dollar(USD/CAD) Elliott Wave Technical Analysis: Unveils USD/CAD Trading Strategies

Expert Elliott Wave analysis provides valuable insights into trading strategies for the USD/CAD curr...

Read More >
Cardano/ U.S. dollar(ADAUSD) Elliott Wave Technical Analysis 7 November 23

Cardano/ U.S. dollar(ADAUSD) Elliott Wave Technical Analysis 7 November 23

ADAUSD Crypto Analysis - Cardano/ U.S. dollar(ADAUSD) Elliott Wave Technical Analysis on 7 November ...

Read More >
Elliott Wave Trading Strategies for Tech Stocks & Bitcoin: SP500, NASDAQ 100, AAPL, TSLA, AMZN, NVDA, MSFT, META, NFLX, GOOGL, BTC

Elliott Wave Trading Strategies for Tech Stocks & Bitcoin: SP500, NASDAQ 100, AAPL, TSLA, AMZN, NVDA, MSFT, META, NFLX, GOOGL, BTC

The bullish trend continues across major indices, including Bitcoin: SP500, NASDAQ 100, AAPL, TSLA, ...

Read More >
VanEck Rare Earth & Strategic Metals ETF (REMX) Elliott Wave Forecast Predicts Rare Earth Metals Rally with $57 Target

VanEck Rare Earth & Strategic Metals ETF (REMX) Elliott Wave Forecast Predicts Rare Earth Metals Rally with $57 Target

VanEck REMX ETF is nearing the end of a corrective wave 4 and preparing for a bullish rally. Learn k...

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