ASX: REA GROUP LTD – REA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with REA GROUP LTD – REA shares. We determined that REA could continue to push higher with the Impulse wave.

ASX: REA GROUP LTD – REA Elliott Wave Technical Analysis

ASX: REA GROUP LTD – REA 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minor degree, red)

Mode: Motive

Structure: Impulse

Position: Wave 3-red of Wave (5)-blue

Details: The short-term outlook suggests that wave (5)-blue is unfolding and may continue to push higher. This view will be reaffirmed if the price accelerates convincingly above the high at 194.81. If this scenario plays out, wave 3-red is expected to return and push even higher. And the low at 174.95 can act as a potential Stop level.

Invalidation point: 140.50

REA-Group-ltd-day-as...
 

 


 

ASX: REA GROUP LTD – REA Elliott Wave Analysis TradingLounge (4-Hour Chart)

ASX: REA GROUP LTD – REA Elliott Wave Technical Analysis

ASX: REA GROUP LTD – REA 4-Hour Chart Analysis

Function: Major trend (Minor degree, red)

Mode: Motive

Structure: Impulse wave

Position: Wave (ii)-purple of Wave 3-red

Details: Further short-term outlook suggests that wave 2-red may have concluded, and wave 3-red is now unfolding to push higher. At a smaller degree, wave (i)-purple has peaked, and wave (ii)-purple may be underway to pull back lower and will find support around 180.64, followed by wave (iii)-purple resuming the upward momentum.

Invalidation point: 174.95

Conclusion:  

Our analysis, forecast of contextual trends, and short-term outlook for ASX: REA GROUP LTD – REA aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.

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

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

Previous: ASX: RMD – RESMED INC

TradingLounge Once Off SPECIAL DEAL: Here > 1 month Get 3 months.

REA-Group-ltd-4Hr-as...

Related

Unlocking ASX Trading Success: REA GROUP LTD – REA Stock Analysis & Elliott Wave Technical Forecast

Unlocking ASX Trading Success: REA GROUP LTD – REA Stock Analysis & Elliott Wave Technical Forecast

Gain a comprehensive understanding of REA GROUP LTD with our in-depth stock analysis using Elliott W...

Read More >
U.S. Dollar / Japanese Yen (USDJPY) Forex Elliott Wave Technical Analysis Reveals Key Correction and Wave Breakout Setup

U.S. Dollar / Japanese Yen (USDJPY) Forex Elliott Wave Technical Analysis Reveals Key Correction and Wave Breakout Setup

USDJPY shows a corrective wave 2 unfolding in a broader bullish trend. Watch for reversal signals an...

Read More >
WTI Crude Oil Commodity Elliott Wave Analysis: Bullish Correction Poised to Advance Further

WTI Crude Oil Commodity Elliott Wave Analysis: Bullish Correction Poised to Advance Further

The Elliott Wave Analysis conducted on WTI Crude Oil, reveals a bullish corrective phase within a br...

Read More >
COAL INDIA Elliott Wave Chart Analysis Highlights Corrective Wave B and Bearish Continuation into Wave C with Key Invalidation Level

COAL INDIA Elliott Wave Chart Analysis Highlights Corrective Wave B and Bearish Continuation into Wave C with Key Invalidation Level

Detailed COAL INDIA Elliott Wave analysis reveals a corrective phase in Wave B. Learn forecast, trad...

Read More >
Meta Platforms Inc.(META:NASDAQ) Elliott Wave Technical Analysis 30 November 23

Meta Platforms Inc.(META:NASDAQ) Elliott Wave Technical Analysis 30 November 23

Meta Platforms Inc.(META: NASDAQ) Elliott Wave Technical Analysis dated 30 November 23. META Stock M...

Read More >
Our Expert Analysis and forecast for ASX LMITED - ASX Stock Analysis & Elliott Wave Technical Forecast

Our Expert Analysis and forecast for ASX LMITED - ASX Stock Analysis & Elliott Wave Technical Forecast

Our in-depth Elliott Wave analysis of ASX Limited offers insights into current market trends and fut...

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