Elliott Wave Technical Analysis: 10x Genomics

Elliott Wave Analyst - tradinglounge • Mar 13, 2023 at 7:45 AM EDT

Looking for upside resumption soon or else the count will be invalidated.

person using MacBook Pro on table

Image Source: Unsplash

10x Genomics Inc., Elliott Wave Technical Analysis

10x Genomics Inc., (Nasdaq: TXG): Daily Chart, 13 March 2023.

TXG Stock Market Analysis: At this point, we are looking at a potential wave 4 with a triangle in wave {b}. We are very close to invalidation level.

TXG Elliott Wave Count: Wave {c} of 4.

TXG Technical Indicators: Below both 20 and 200EMA.

TXG Trading Strategy: Looking for longs into wave 5.

Analyst: Alessio Barretta

10x Genomics Inc., TXG: 4-hour Chart, 13 March 2023.

10x Genomics Inc., Elliott Wave Technical Analysis

TXG Stock Market Analysis: Looking for upside resumption soon or else the count will be invalidated.

TXG Elliott Wave count: Wave {c} of 4.

TXG Technical Indicators: Above 200EMA

TXG Trading Strategy: Looking for longs into wave 5.

More By This Author:

Elliott Wave Technical Analysis: Shopify Inc.
Elliott Wave Technical Analysis: Monero/U.S. Dollar
Elliott Wave Technical Analysis: Commodity Markets

Disclosure:

As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.