ASX: COMPUTERSHARE LIMITED. - CPU Elliott Elliott Wave Technical Analysis TradingLounge

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COMPUTERSHARE LIMITED. - CPU. We see ASX:CPU nearing the completion of wave ((i))-navy and a pullback to wave ((ii))-navy is expected in the near term.

ASX: COMPUTERSHARE LIMITED. - CPU 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave ((i))-navy of Wave 3-grey

Details: Wave 3-grey is unfolding to push higher. It is subdividing into wave ((i))-navy itself, and it will continue to push higher, after which a pullback with wave ((ii))-navy will await.

Invalidation point: 24.68

ASX: COMPUTERSHARE LIMITED. - CPU 4-Hour Chart Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave a-grey of Wave (iv)-orange of Wave ((i))-navy

Details: Wave (iii)-orange has completed as a five-wave labeled from wave i-grey to wave v-grey, now it is time for wave (iv)-orange to push lower, it is expected to target around 30.57, after which wave (v)-orange may continue to advance higher. 

Invalidation point: 26.79

Conclusion:

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

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

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