Unlocking ASX Trading Success: XRO Stock Analysis & Elliott Wave Technical Forecast - Tuesday, September 10
ASX: XERO LIMITED - XRO Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with XERO LIMITED - XRO. We see XERO LIMITED developing under a Diagonal, and in the short term, it could continue to push higher.
ASX: XERO LIMITED - XRO 1D Chart (Semilog Scale) Analysis
Function: Major trend (Minute degree, navy)
Mode: Motive
Structure: Impulse
Position: Wave (v)-orange of Wave (i)-navy
Details: Perhaps the whole pattern is developing as a Diagonal, and since the low of 126.69, the (v)-orange wave is continuing to push higher as a Zigzag. The maximum target it can reach is lower than the high at 157.45.
Invalidation point: 138.60
(Click on image to enlarge)
ASX: XERO LIMITED - XRO Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)
ASX: XERO LIMITED - XRO Elliott Wave Technical Analysis
ASX: XERO LIMITED - XRO 4-Hour Chart Analysis
Function: Major trend (Minute degree, navy)
Mode: Motive
Structure: Impulse
Position: Wave c-grey of Wave (iv)-orange
Details: Since the low at 126.68, the (v)-orange wave is pushing higher as a Zigzag within the larger-degree Diagonal pattern. It itself looks like it just completed the b-grey wave at the low at 138.60, and the c-grey wave is unfolding to push higher, targeting the immediate target at the high at 149.70.
Invalidation point: 138.60
(Click on image to enlarge)
Conclusion:
Our analysis, forecast of contextual trends, and short-term outlook for ASX: XERO LIMITED - XRO aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.
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