Welcome to our latest Elliott Wave analysis on the Australian Stock Exchange (ASX) featuring CSL LIMITED – CSL. We aim to provide an insightful overview of CSL’s stock movement using Elliott Wave principles.

ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis (1D Chart)

ASX: CSL LIMITED – CSL Day Chart Analysis

CSL Elliott Wave Technical Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave (3) - orange of Wave ((3)) - navy of Wave iii - gray of Wave ((iii)) - navy

Details: Wave (3) - orange is advancing, targeting 325.26, requiring the price to stay above 294.81. This view holds as long as the price does not dip below this level. The Long Trade position in CSL has been profitable and is expected to continue growing.

Invalidation point: 294.81

CSL-Limited-1D-Asx-C...


ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis (4-Hour Chart)

ASX: CSL LIMITED – CSL 4-Hour Chart Analysis

Function: Major trend (Minuette degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave (3) - orange of Wave ((3)) - navy of Wave iii - gray of Wave ((iii)) - navy

Details: Wave (3) - orange is still in an upward trajectory, aiming for 325.26, with the price needing to stay above 300.00 to maintain this outlook. The Long Trade position in CSL remains profitable and is poised for further gains.

Invalidation point: 300.00

Conclusion

Our analysis comprehensively forecasts CSL LIMITED – CSL’s market trends and short-term outlook. We highlight specific price points that act as validation or invalidation signals, bolstering confidence in our wave count. By integrating these elements, we offer an 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: SOUTH32 LIMITED – S32 Elliott Wave Technical Analysis

Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here

Access 7 Analysts Over 170 Markets Covered. Chat Room With Support

CSL-Limited-4hr-Asx-...

Related

EURGBP Currency Pair: Euro/British Pound Forex Elliott Wave Technical Analysis

EURGBP Currency Pair: Euro/British Pound Forex Elliott Wave Technical Analysis

This article provides an in-depth Elliott Wave analysis of the EURGBP currency pair, highlighting ke...

Read More >
Gold (XAUUSD) Elliott Wave Technical Analysis: Points to a Potential Surge to $2200

Gold (XAUUSD) Elliott Wave Technical Analysis: Points to a Potential Surge to $2200

our analysis suggests a favorable outlook for Gold, presenting potential buying opportunities for tr...

Read More >
JHX Elliott Wave Forecast: James Hardie Industries PLC Stock Analysis & ASX:JHX Price Analysis with Our Latest Technical Outlook

JHX Elliott Wave Forecast: James Hardie Industries PLC Stock Analysis & ASX:JHX Price Analysis with Our Latest Technical Outlook

Our Elliott Wave forecast for JAMES HARDIE INDUSTRIES PLC (JHX) identifies key price movements and t...

Read More >
AUDUSD Continues to Display a Strong Bearish Trend in Australian Dollar/U.S. Dollar Forex Elliott Wave Technical Analysis

AUDUSD Continues to Display a Strong Bearish Trend in Australian Dollar/U.S. Dollar Forex Elliott Wave Technical Analysis

The AUDUSD continues to display a strong bearish trend in Elliott Wave analysis, with a key focus on...

Read More >
Insightful Day and 4-Hour Chart Review: British Pound/Japanese Yen(GBPJPY) Forex Elliott Wave Technical Analysis

Insightful Day and 4-Hour Chart Review: British Pound/Japanese Yen(GBPJPY) Forex Elliott Wave Technical Analysis

This comprehensive guide offers detailed GBPJPY trading analysis, focusing on Elliott Wave forecasts...

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