16Apr

Unlocking ASX Trading Success: COCHLEAR LIMITED - COH Stock Analysis & Elliott Wave Technical Forecast

ASX: COCHLEAR LIMITED - COH Elliott Wave Technical Analysis TradingLounge (1D Chart)

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COCHLEAR LIMITED - COH. Continuing on last week's forecast made with COH, that forecast is now accurate. We identify in the short term that COH could decline lower to complete a Zigzag Correction with wave (4)-blue, followed by a potential resurgence of wave (5)-blue to push higher. 

ASX: COCHLEAR LIMITED - COH Elliott Wave Technical Analysis  

ASX: COCHLEAR LIMITED - COH 1D Chart (Semilog Scale) Analysis

Function: Major trend (Intermediate degree, blue)

Mode: Motive

Structure: Impulse

Position: Wave (4)-blue

Details: The short-term outlook indicates that the (4)-blue wave is currently unfolding to push lower, targeting the immediate range of 293.87 - 278.31. After the completion of the (4)-blue wave, the (5)-blue wave may resume to push higher. Additionally, the support target is very close to the Major Level at 300.

Invalidation point: 253.36

COCHLEAR-LIMITED-1D-...


 

ASX: COCHLEAR LIMITED - COH Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)

ASX: COCHLEAR LIMITED - COH Elliott Wave Technical Analysis

ASX: COCHLEAR LIMITED - COH 4-Hour Chart Analysis

Function: Major trend (Minor degree, red)

Mode: Motive

Structure: Impulse

Position: Wave ((iii))-green of Wave C-red

Details: The short-term outlook suggests that the (c)-purple wave continues to push lower, possibly targeting around the Major Level 300. Maintaining below the level of 323.84 serves as both resistance and an advantage for this bearish view. After this corrective ABC-red wave concludes, it also indicates that the (4)-blue wave has ended, paving the way for a potential upward movement with the (5)-blue wave.

Invalidation point: 342.40

Conclusion:  

Our analysis, forecast of contextual trends, and short-term outlook for ASX: COCHLEAR LIMITED - COH 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: RIO TINTO LIMITED – RIO

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

TradingLounge's Free Week Extravaganza!

April 14 – 21: Unlock the Doors to Trading Excellence — Absolutely FREE

COCHLEAR-LIMITED-4Hr...

Related

Comprehensive Grasim Industries Stock Analysis: Elliott Wave Forecast and Technical Insights for Informed Trading

Comprehensive Grasim Industries Stock Analysis: Elliott Wave Forecast and Technical Insights for Informed Trading

This analysis provides a detailed Elliott Wave forecast and technical analysis for Grasim Industries...

Read More >
Elliott Wave Analysis for Fortescue Metals Group (ASX: FMG): Stock Forecast, Price Targets, Trading Levels, and Market Trends

Elliott Wave Analysis for Fortescue Metals Group (ASX: FMG): Stock Forecast, Price Targets, Trading Levels, and Market Trends

Elliott Wave analysis for Fortescue Metals Group (ASX: FMG) highlights potential bullish trends, key...

Read More >
New Zealand Dollar/U.S.DollarCurrency Pair: NZDUSD Forex Elliott Wave Technical Analysis

New Zealand Dollar/U.S.DollarCurrency Pair: NZDUSD Forex Elliott Wave Technical Analysis

Explore our comprehensive NZDUSD Elliott Wave analysis, including detailed day and 4-hour chart revi...

Read More >
State Bank of India stock analysis using Elliott Wave forecast reveals bullish trend, share price movement, and market outlook.

State Bank of India stock analysis using Elliott Wave forecast reveals bullish trend, share price movement, and market outlook.

State Bank of India (SBI) through the lens of Elliott Wave Theory. It highlights the current bullish...

Read More >
ASX:IAG Elliott Wave Analysis, Stock Forecast, Price Trends, Wave Patterns, Market Insights, and Trading Strategies for Investors

ASX:IAG Elliott Wave Analysis, Stock Forecast, Price Trends, Wave Patterns, Market Insights, and Trading Strategies for Investors

Get the latest ASX:IAG Elliott Wave analysis and stock forecast. Learn how wave patterns influence I...

Read More >
Theta token/ U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 12 December 23

Theta token/ U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 12 December 23

TradingLounge Day and 4H Chart of Theta token/ U.S. dollar(THETAUSD) Elliott Wave Technical Analysis...

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