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

Shanghai Composite Elliott Wave Analysis: Unlock Market Trends, Predict Future Moves & Maximize Your Trading Profits!

Shanghai Composite Elliott Wave Analysis: Unlock Market Trends, Predict Future Moves & Maximize Your Trading Profits!

This Shanghai Composite Elliott Wave Analysis provides a detailed outlook on the current stock marke...

Read More >
ASX: SOUTH32 LIMITED (S32) Elliott Wave Technical Analysis  – Stock Price Prediction, Trading Strategy, and Forecast Insights

ASX: SOUTH32 LIMITED (S32) Elliott Wave Technical Analysis – Stock Price Prediction, Trading Strategy, and Forecast Insights

This article provides an in-depth Elliott Wave analysis for ASX: SOUTH32 LIMITED (S32). We examine t...

Read More >
Highlighting Potential Opportunities for Apple Inc Stock Traders: AAPL Elliott Wave Technical Analysis

Highlighting Potential Opportunities for Apple Inc Stock Traders: AAPL Elliott Wave Technical Analysis

Our Elliott Wave analysis provides a thorough examination of Apple Inc. (AAPL) price movements. By u...

Read More >
Australian Dollar/U.S.Dollar (AUDUSD) Elliott Wave Technical Analysis 20 November 23

Australian Dollar/U.S.Dollar (AUDUSD) Elliott Wave Technical Analysis 20 November 23

AUDUSD Elliott Wave Analysis Trading Lounge Day Chart dated 20 November 23, delves into a detailed e...

Read More >
Natural Gas Elliott Wave Technical Analysis 12 February 24 Market Trends, Trading Strategies

Natural Gas Elliott Wave Technical Analysis 12 February 24 Market Trends, Trading Strategies

In this comprehensive Natural Gas Elliott Wave Analysis for February 12, traders gain valuable insig...

Read More >
ASX: WES – Wesfarmers Elliott Wave Technical Analysis, Expert Stock Forecast, Share Price Trends & Powerful Trading Insights

ASX: WES – Wesfarmers Elliott Wave Technical Analysis, Expert Stock Forecast, Share Price Trends & Powerful Trading Insights

Discover the latest ASX: WES technical analysis with Elliott Wave insights. Our analysis covers Wesf...

Read More >
Shanghai Composite Elliott Wave Analysis: Unlock Market Trends, Predict Future Moves & Maximize Your Trading Profits!

Shanghai Composite Elliott Wave Analysis: Unlock Market Trends, Predict Future Moves & Maximize Your Trading Profits!

This Shanghai Composite Elliott Wave Analysis provides a detailed outlook on the current stock marke...

Read More >
ASX: SOUTH32 LIMITED (S32) Elliott Wave Technical Analysis  – Stock Price Prediction, Trading Strategy, and Forecast Insights

ASX: SOUTH32 LIMITED (S32) Elliott Wave Technical Analysis – Stock Price Prediction, Trading Strategy, and Forecast Insights

This article provides an in-depth Elliott Wave analysis for ASX: SOUTH32 LIMITED (S32). We examine t...

Read More >
Highlighting Potential Opportunities for Apple Inc Stock Traders: AAPL Elliott Wave Technical Analysis

Highlighting Potential Opportunities for Apple Inc Stock Traders: AAPL Elliott Wave Technical Analysis

Our Elliott Wave analysis provides a thorough examination of Apple Inc. (AAPL) price movements. By u...

Read More >
Australian Dollar/U.S.Dollar (AUDUSD) Elliott Wave Technical Analysis 20 November 23

Australian Dollar/U.S.Dollar (AUDUSD) Elliott Wave Technical Analysis 20 November 23

AUDUSD Elliott Wave Analysis Trading Lounge Day Chart dated 20 November 23, delves into a detailed e...

Read More >
Natural Gas Elliott Wave Technical Analysis 12 February 24 Market Trends, Trading Strategies

Natural Gas Elliott Wave Technical Analysis 12 February 24 Market Trends, Trading Strategies

In this comprehensive Natural Gas Elliott Wave Analysis for February 12, traders gain valuable insig...

Read More >
ASX: WES – Wesfarmers Elliott Wave Technical Analysis, Expert Stock Forecast, Share Price Trends & Powerful Trading Insights

ASX: WES – Wesfarmers Elliott Wave Technical Analysis, Expert Stock Forecast, Share Price Trends & Powerful Trading Insights

Discover the latest ASX: WES technical analysis with Elliott Wave insights. Our analysis covers Wesf...

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