13Jan

ASX FPH Stock Analysis: Fisher & Paykel Healthcare Elliott Wave Forecast, Wave 4 Triangle Pattern, and Price Prediction Insights

ASX: Fisher & Paykel Healthcare Corporation Limited – FPH Elliott Wave Technical Analysis

Introduction

Welcome to our Elliott Wave analysis for the Australian Stock Exchange (ASX) Fisher & Paykel Healthcare Corporation Limited – FPH. Our latest insights suggest ASX:FPH is nearing the completion of a wave 4 Triangle pattern, setting the stage for a potential rally with wave 5. This technical analysis highlights key price levels and market movements to help you navigate the upcoming trends effectively.


ASX: Fisher & Paykel Healthcare Corporation Limited – FPH 1D Chart Analysis(Semilog Scale)

Function: Major trend (Intermediate degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave (4)-orange

Analysis Details:

  • The wave count has been adjusted for higher probability.
  • Wave (4)-orange is likely forming a Triangle, requiring additional time to complete.
  • Upon completion, wave (5)-orange is expected to push higher.
  • A breakout above 35.45 would signal the beginning of the wave (5)-orange move.

Key Price Levels:

  • Invalidation Point: The end of wave A-grey
  • Confirmation Point: 35.45

FPH-1d-asx-chart-130...


ASX: Fisher & Paykel Healthcare Corporation Limited – FPH 4-Hour Chart Analysis

Function: Major trend (Intermediate degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave E-grey of Wave (4)-orange

Analysis Details:

  • The 4-hour chart provides a detailed look at the wave (4)-orange Triangle.
  • This phase is nearing completion, signaling a likely transition to wave (5)-orange.
  • A confirmed push above 35.45 would strengthen this bullish view.
  • Conversely, failure to breach 35.45 and a breakdown below wave C-grey would invalidate the bullish scenario.

Key Price Levels:

  • Invalidation Point: The end of wave C-grey
  • Confirmation Point: 35.45

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

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

See Previous: Northern Star Resources Ltd – NST 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

FPH-4h-asx-chart-130...


Conclusion

This Elliott Wave analysis for ASX: FPH provides insights into both the short-term and long-term trends. By identifying specific price points as validation or invalidation signals, we enhance the reliability of our wave count. Investors and traders can utilize this professional analysis to better anticipate market movements and capitalize on potential opportunities.

Related

ASX NEM Stock Forecast: Newmont Corporation Elliott Wave Analysis, Bullish Trend Outlook, Trading Strategy, and Technical Insights

ASX NEM Stock Forecast: Newmont Corporation Elliott Wave Analysis, Bullish Trend Outlook, Trading Strategy, and Technical Insights

Newmont Corporation (ASX: NEM) using Elliott Wave Theory. It highlights key price levels, wave patte...

Read More >
Palo Alto Networks (PANW) Elliott Wave Analysis: Stock Forecast, Bullish Trend, Resistance Levels & Investment Strategy

Palo Alto Networks (PANW) Elliott Wave Analysis: Stock Forecast, Bullish Trend, Resistance Levels & Investment Strategy

Palo Alto Networks Inc. (PANW) is showing strong bullish momentum based on Elliott Wave analysis. Th...

Read More >
S&P 500 Elliott Wave Analysis Reveals Bullish Impulse Wave 3 Initiation with Key Support at 4796

S&P 500 Elliott Wave Analysis Reveals Bullish Impulse Wave 3 Initiation with Key Support at 4796

The S&P 500 exhibits a bullish Elliott Wave pattern, indicating a strong upward trend. With the comp...

Read More >
Commodity Market Report  Elliott Wave Analysis

Commodity Market Report Elliott Wave Analysis

Commodities | Latest News & Elliott Wave Analysis: US Bond Yields, Forex USDJPY, EURUSD, GBPUSD, AUD...

Read More >
Ethereum Elliott Wave Analysis: Forecasting ETHUSD Movements with Key Wave Patterns and Strategic Trading Insights

Ethereum Elliott Wave Analysis: Forecasting ETHUSD Movements with Key Wave Patterns and Strategic Trading Insights

This article provides an in-depth Ethereum Elliott Wave Analysis, focusing on the ETHUSD pair. It ex...

Read More >
S&P BSE SENSEX NEXT 50 Elliott Wave Technical Analysis Reveals Bullish Wave 3 Trend in Indian Stock Market Chart Forecast

S&P BSE SENSEX NEXT 50 Elliott Wave Technical Analysis Reveals Bullish Wave 3 Trend in Indian Stock Market Chart Forecast

Elliott Wave analysis shows a strong bullish structure for the S&P BSE SENSEX NEXT 50 index, with wa...

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