ASX: COMPUTERSHARE LIMITED. - CPU Elliott Wave Technical Analysis TradingLounge
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Today's Elliott Wave analysis provides an update on the Australian Stock Exchange (ASX) with COMPUTERSHARE LIMITED. - CPU. According to our evaluation, ASX:CPU is nearing the completion of wave ((i))-navy, with a pullback to wave ((ii))-navy expected shortly.
ASX: COMPUTERSHARE LIMITED. - CPU 1D Chart (Semilog Scale) Analysis
Function: Major trend (Minor degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave ((i))-navy of Wave 3-grey
Details:
Wave 3-grey is progressing to higher levels. It is subdividing within wave ((i))-navy, which is expected to continue its upward momentum. Once completed, a pullback in wave ((ii))-navy is anticipated.
ASX: COMPUTERSHARE LIMITED. - CPU 4-Hour Chart Analysis
Function: Major trend (Minute degree, navy)
Mode: Motive
Structure: Impulse
Position: Wave a-grey of Wave (iv)-orange of Wave ((i))-navy
Details:
Wave (iii)-orange has completed its five-wave structure, labeled from wave i-grey to wave v-grey. Now, wave (iv)-orange is expected to move lower, targeting around 30.57. After this pullback, wave (v)-orange is likely to continue advancing higher.
Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).
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Conclusion
Our analysis provides a comprehensive outlook for ASX: COMPUTERSHARE LIMITED. - CPU, focusing on key price movements and market trends. By identifying specific price points for validation or invalidation, we enhance confidence in our wave count. This approach ensures readers gain an objective and professional perspective on current trends, helping them capitalize effectively on market opportunities.