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).
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