01May

Cochlear Limited Stock Forecast: ASX COH Elliott Wave Technical Analysis Predicts Bullish Trend and Share Price Targets Ahead

COCHLEAR LIMITED - COH Elliott Wave Technical Analysis TradingLounge

Greetings,
Welcome to our latest Elliott Wave analysis for the Australian Stock Exchange (ASX) stock COCHLEAR LIMITED (ASX: COH).
A corrective ABC Elliott Wave pattern has recently completed, opening fresh bullish opportunities for COH stock.
This technical report outlines key target prices, forecasted market trends, and critical invalidation levels needed to sustain the upward momentum, presented in a precise and professional format.

COCHLEAR LIMITED - COH Elliott Wave Analysis (1d Chart Semilog Scale)

Function: Major Trend (Intermediate Degree, Orange)

Mode: Motive

Structure: Impulse

Position: Wave 5)) - Navy

Analysis Details:
Wave 4)) - Navy appears to have finished an A-B-C corrective structure at the Intermediate Degree (Orange).
Following this, conditions favor the development of Wave 5)) to the upside, reinforcing a strong bullish Elliott Wave outlook for COCHLEAR LIMITED.
Price targets suggest a possible rally back toward previous highs near $350.00.

Invalidation Point: 246.14 (A drop below this level would invalidate the current bullish wave count.)

COCHLEAR-LIMITED-COH...


COCHLEAR LIMITED - COH Elliott Wave Analysis (4-Hour Chart Analysis)

Function: Major Trend (Minor Degree, Grey)

Mode: Motive

Structure: Impulse

Position: Wave 3 - Grey of Wave 5)) - Navy

Analysis Details:
Starting from the key support at 246.14, a five-wave impulse structure labeled 1 - Grey to 5 - Grey is actively developing.
Currently, Wave 3 - Grey is unfolding upward, aiming for a target range between 281.50 and 303.06.
After Wave 3 - Grey completes, a correction in Wave 4 - Grey is expected, but it must hold above 265.00 to maintain the bullish structure, ensuring continuation into Wave 5 - Grey.

Invalidation Point: 265.00 (Wave 4 must not overlap Wave 1 to preserve the impulse count.)

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

Source: Visit Tradinglounge.com and learn from the Experts. Join TradingLounge Here 

See Previous: CAR GROUP LIMITED 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

COCHLEAR-LIMITED-COH...


Conclusion:

  • This Elliott Wave forecast for COCHLEAR LIMITED (ASX: COH) offers traders and investors a structured, technical roadmap for potential market direction.
  • Validation and invalidation levels are clearly outlined to strengthen confidence in the analysis.
  • By combining professional Elliott Wave techniques with clear forecasting, TradingLounge aims to support effective trading and investment decisions.

Related

Elliott Wave Analysis: Strategic Trading Tips for NASDAQ, Apple, Tesla, and More

Elliott Wave Analysis: Strategic Trading Tips for NASDAQ, Apple, Tesla, and More

The updated Elliott Wave Analysis provides a comprehensive look at the current state of the stock ma...

Read More >
Elliott Wave Technical Analysis of ChainLink Crypto Price News Today: A Comprehensive Guide

Elliott Wave Technical Analysis of ChainLink Crypto Price News Today: A Comprehensive Guide

This comprehensive guide offers a deep dive into Elliott Wave Analysis for ChainLink (LINKUSD), prov...

Read More >
Spotify Technology Stock Forecast: SPOT Elliott Wave Technical Analysis Predicts Bullish Trend Continuation with Resistance Target

Spotify Technology Stock Forecast: SPOT Elliott Wave Technical Analysis Predicts Bullish Trend Continuation with Resistance Target

Spotify (SPOT) is in a strong uptrend with wave 5 unfolding. Expect bullish continuation with short-...

Read More >
Comprehensive Perspective on NVIDIA Corp. Stock Market Behavior With Detailed NVDA Elliott Wave Technical Analysis

Comprehensive Perspective on NVIDIA Corp. Stock Market Behavior With Detailed NVDA Elliott Wave Technical Analysis

Our detailed Elliott Wave analysis for NVIDIA Corp (NVDA) dated August 5, 2024, provides an in-depth...

Read More >
ASX LIMITED Elliott Wave Analysis: Technical Forecast and Price Target Insights for Optimizing Your ASX Investment Strategy

ASX LIMITED Elliott Wave Analysis: Technical Forecast and Price Target Insights for Optimizing Your ASX Investment Strategy

This article provides a detailed Elliott Wave analysis of ASX LIMITED, offering insights into market...

Read More >
U.S.Dollar/Swiss Franc(USDCHF) Elliott Wave Technical Analysis Chart 16 October 23

U.S.Dollar/Swiss Franc(USDCHF) Elliott Wave Technical Analysis Chart 16 October 23

U.S.Dollar/Swiss Franc(USDCHF) Elliott Wave Technical Analysis 16 October 23. offers a valuable reso...

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