ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis TradingLounge (1D Chart)
Greetings! Our Elliott Wave analysis today provides an update on the Australian Stock Exchange (ASX) focusing on CSL LIMITED – CSL. According to our analysis, CSL may be progressing with wave ((iii)) - navy.
ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis
ASX: CSL LIMITED – CSL 1D Chart (Semilog Scale) 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 continues its upward movement, aiming for the 325.26 level. To maintain this outlook, the price must stay above 294.81.
Invalidation point: 294.81
ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)
ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis
ASX: CSL LIMITED – CSL 4-Hour Chart Analysis
Function: Major trend (Minuette degree, orange)
Mode: Motive
Structure: Impulse
Position: Wave (4) - orange of Wave ((3)) - navy of Wave iii - gray of Wave ((iii)) - navy
Details: Wave (3) - orange is still rising, targeting the 325.26 level. The price should stay above 296.49 to sustain this analysis. The Long Trade position with CSL has resulted in a good net profit and is expected to continue growing.
Invalidation point: 296.49
Conclusion: Our analysis provides insights into current market trends and offers strategies for capitalizing on them. We provide specific price points as validation or invalidation signals for our wave count, enhancing the reliability of our perspective. By integrating these elements, we aim to offer a clear and professional view on market trends.
Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).
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