Monday, March 20, 2023 11:11 AM EST
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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).
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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.
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