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

Bullish Elliott Wave: Trading Strategies for Tech Giants & Bitcoin

Bullish Elliott Wave: Trading Strategies for Tech Giants & Bitcoin

Bullish Elliott Wave analysis shows strong upward momentum across major indices and tech stocks, wit...

Read More >
Unlocking ASX Trading Success: Origin Energy Limited – ORG Stock Analysis & Elliott Wave Technical Forecast

Unlocking ASX Trading Success: Origin Energy Limited – ORG Stock Analysis & Elliott Wave Technical Forecast

This article provides an in-depth Elliott Wave analysis for Origin Energy (ASX: ORG), covering curre...

Read More >
Mastering Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis for Profitable Trading

Mastering Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis for Profitable Trading

As of February 29, 2024, leverage the insights from TradingLounge's daily and 4-hour BTCUSD char...

Read More >
The Coca-Cola Company (KO) Elliott Wave Technical Analysis 30 January 24

The Coca-Cola Company (KO) Elliott Wave Technical Analysis 30 January 24

KO Stock Market Analysis Trading Lounge Day and 4Hr Chart for The Coca-Cola Company (KO) Elliott Wav...

Read More >
NEO’s Crypto Market Trends with Accurate Forecasts and Actionable Plans: NEOUSD Elliott Wave Technical Analysis

NEO’s Crypto Market Trends with Accurate Forecasts and Actionable Plans: NEOUSD Elliott Wave Technical Analysis

This analysis provides an in-depth look at NEOUSD using Elliott Wave theory, offering key insights i...

Read More >
Comprehensive review and Financial metrics: The Coca-Cola Company (KO) Stocks Elliott Wave Technical Analysis

Comprehensive review and Financial metrics: The Coca-Cola Company (KO) Stocks Elliott Wave Technical Analysis

This article provides a comprehensive review of Coca-Cola's stock (KO) using Elliott Wave techni...

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