By
Peter Mathers
of
Trading Lounge
Monday, February 27, 2023 6:27 AM EST
Elbit Systems Ltd., Elliott Wave Technical Analysis
Image: Elbit Systems
Elbit Systems Ltd., (ESLT): Daily Chart, Feb. 27
ESLT Stock Market Analysis: We are expecting five waves down into wave C of (2) after the sharp rally that we had until last summer. At this point we are looking for one last move lower before looking for upside.
ESLT Elliott Wave Count: Wave {v} of C.
ESLT Technical Indicators: Bouncing around the 20EMa.
ESLT Trading Strategy: Looking for one last move down before upside continuation.
TradingLounge Analyst: Alessio Barretta
Elbit Systems Ltd., ESLT: 4-hour Chart, Feb. 27
Elbit Systems Ltd., Elliott Wave Technical Analysis
ESLT Stock Market Analysis: I was expecting a flat in wave {iv} as the most recent move down looked like a three wave move. Therefore I expect further upside to complete (c) to then resume lower.
ESLT Elliott Wave count: Wave (c) of {iv}.
ESLT Technical Indicators: Above 20EMA
ESLT Trading Strategy: Looking for further upside into wave (c) to then resume lower.
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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 ...
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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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