Elliott Wave Technical Analysis: O'Reilly Automotive Inc.

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O'Reilly Automotive Inc., Elliott Wave Technical Analysis 

O'Reilly Automotive Inc., (Nasdaq: ORLY): Daily Chart, 2 March 2023. 

ORLY Stock Market Analysis: At this point, the overall count has changed as we are either in wave {ii} of 3 or else in wave {c} of 2.  

ORLY Elliott Wave Count:  Wave {ii} of 3. 

ORLY Technical Indicators: Below 20EMA average.  

ORLY Trading Strategy: Looking for a bottom in wave {ii} to then look for longs.

Analyst: Alessio Barretta

O'Reilly Automotive Inc., ORLY: 4-hour Chart, 2 March 2023.

O'Reilly Automotive Inc., Elliott Wave Technical Analysis 

ORLY Stock Market Analysis: Looking for a three wave move in wave {ii} to be nearly completed, to then look for additional longs as we are also near the volume point of control. 

ORLY Elliott Wave count:  Wave (c) of {ii}. 

ORLY Technical Indicators: In between averages 

ORLY Trading Strategy: Looking for a bottom in wave (c) to then look for longs.


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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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