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Cintas Corp., Elliott Wave Technical Analysis

Cintas Corp., (Nasdaq: CTAS): Daily Chart, 19 April 2023.

CTAS Stock Market Analysis: We successfully managed to confirm the triangle in wave (4) after a major gap up and we have been moving sideways ever since. Looking for this pullback to just be a three wave move to then resume and complete wave (5).

CTAS Elliott Wave Count: Wave 1 of (5).  

CTAS Technical Indicators: Above all averages.

CTAS Trading Strategy: Looking for limited upside with a stop below wave (E).

Analyst: Alessio Barretta

Cintas Corp., CTAS: 4-hour Chart, 19 April 2023.

Cintas Corp., Elliott Wave Technical Analysis

CTAS Stock Market Analysis: Looking for one leg down in to wave {c} to complete the overall correction. We may find support on the 200EMA.  

CTAS Elliott Wave count: Wave {c} of 2.  

CTAS Technical Indicators: Above all averages.

CTAS Trading Strategy: Looking for equality of {c} vs. {a} to then look for longs.

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