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

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COCHLEAR LIMITED - COH.

We observe that COH has concluded wave ((4)) - navy as a Triangle, and wave ((5)) - navy is poised to advance.

ASX: COCHLEAR LIMITED - COH Elliott Wave Technical Analysis

1D Chart (Semilog Scale) Analysis

Function: Major trend (Primary degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave ((5)) - navy

Details:

• Wave ((4)) - navy seems to have ended at the low of 318.39 as a Triangle.
• Wave ((5)) - navy is unfolding to move higher, targeting around 386.63 - 400.00 or beyond.
• The invalidation point is 318.39.

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

4-Hour Chart Analysis

Function: Major trend (Primary degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave ((5)) - navy

Details:

• Wave ((4)) - navy has just concluded at the low of 318.39 as a Triangle.
• Wave ((5)) - navy is likely to push higher, provided the price remains above 318.39.
• The target is 400.00 or beyond.
• The invalidation point is 318.39.

Conclusion

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

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

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

Previous: ASX:TRANSURBAN GROUP - TCL 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