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Twist Bioscience Corp., Elliott Wave Technical Analysis

Twist Bioscience Corp., (Nasdaq: TWST): Daily Chart, 10 May 2023.

TWST Stock Market Analysis: The stock has been moving as forecasted for several weeks. At this point, it looks like we are looking at a larger retracement to start taking place.  

TWST Elliott Wave Count: Wave (iv) of {v}.

TWST Technical Indicators: Below all averages.

TWST Trading Strategy: Looking for shorts once we have signs wave (iv) is complete.

Analyst: Alessio Barretta

Twist Bioscience Corp., TWST: 1-hour Chart, 10 May 2023.

Twist Bioscience Corp., Elliott Wave Technical Analysis
TWST Stock Market Analysis: Looking for upside to start escalate as we move higher into wave (iv). Looking for wave (iv)to reach either 23.6% or 38.2% of the advance in wave (iii) as we also as larger volume around those areas.

TWST Elliott Wave count: Wave a of  (iv).

TWST Technical Indicators: Above a20EMA.

TWST Trading Strategy: Looking for shorts once we have signs wave (iv) is complete.

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