COCHLEAR LIMITED – COH | Elliott Wave Technical Analysis 

Overview:
Today’s Elliott Wave analysis updates the COCHLEAR LIMITED (COH) position on the Australian Stock Exchange (ASX). We observe the recent completion of a corrective ABC wave, opening the door for a bullish impulse wave in ASX:COH. This analysis outlines potential price targets, probable market direction, and key invalidation points for maintaining the bullish stance.

COCHLEAR LIMITED – COH | 1D Chart (Semilog Scale) Analysis
Function: Major Trend (Intermediate degree, Orange)

Mode: Motive

Structure: Impulse

Position: Wave 5)) - navy

Technical Insight:
Wave 4)) - navy seems to have finished forming the corrective pattern labeled A, B, C) - orange. The chart now suggests the start of an upward move into Wave 5)) - navy. This setup supports the bullish view and projects a likely return to the high at wave 3)) - navy, around $350.00.

Invalidation Point: 246.14

COCHLEAR LIMITED – COH | Elliott Wave Technical Analysis | TradingLounge (4-Hour Chart)
Chart Details:

Function: Major Trend (Intermediate degree, Orange)

Mode: Motive

Structure: Impulse

Position: Wave B - grey of Wave 2) - orange

Technical Insight:
Following the 246.140 low, wave 1) - orange formed a Leading Diagonal. This indicates that wave 2) - orange may retrace significantly. The pattern shows that wave A of 2) is complete, and waves B and C - grey are next. Expect a final dip with wave C - grey before a potential strong rally in wave 3) - orange.

Invalidation Point: 246.140

Conclusion:
Our COCHLEAR LIMITED (COH) analysis combines short-term technical setups with broader market trends to help traders and investors make informed decisions. We highlight key validation/invalidation levels to reinforce the confidence in our Elliott Wave structure. The goal is to offer a precise and professional market forecast.

Technical Analyst: Hua (Shane) Cuong, CEWA-M

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