Elliott Wave Technical Analysis: DexCom Inc.

Man, Computer, Stock Trading, Iphone, Hands, Finance

Image Source: Pixabay

DexCom Inc., Elliott Wave Technical Analysis

DexCom Inc., (Nasdaq: DXCM): Daily Chart, 20 March 2023.

DXCM Stock Market Analysis: Looking for an overall long-term correction to take place as we could be correcting the entire up move from 2008.Looking for another leg higher before potential downside resumption.

DXCM Elliott Wave Count: Wave (B) of B.

DXCM Technical Indicators: Above all averages.

DXCM Trading Strategy: We could look for longs with a stop below 104$.

Analyst: Alessio Barretta

DexCom Inc., DXCM: 4-hour Chart, 20 March 2023.

DexCom Inc., Elliott Wave Technical Analysis

DXCM Stock Market Analysis: Here the three wave move to the upside appears clearer. Looking for sideway continuation as long as we stay above the 200EMA to then resume higher.

DXCM Elliott Wave count: Wave (B) of B.

DXCM Technical Indicators: In between averages.

DXCM Trading Strategy: Looking for sideways continuation in wave (B).Enterwave (B). 

More By This Author:

ASX200 Summary, Nasdaq Stocks, Metals - Elliott Wave Analysis
Elliott Wave Technical Analysis: Shopify Inc. - Friday, March 17
Elliott Wave Technical Analysis: Binance Coin / U.S. Dollar

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 ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.