Unlocking ASX Trading Success: WiseTech Global Ltd - WTC Stock Analysis & Elliott Wave Technical Forecast
ASX: WiseTech Global Ltd - WTC Elliott Wave Technical Analysis TradingLounge (1D Chart)
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED - WTC. We see WTC.ASX may be starting to push higher with a ((iii))-navy wave.
ASX: WiseTech Global Ltd - WTC 1D Chart (Semilog Scale) Analysis
Function: Major trend (Minor degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave ((iii))-navy of Wave 3-grey of Wave (3)-orange of Wave ((1))-navy
Details: Wave ((iii))-navy is unfolding to push higher, targeting the high at 146.44. While price must remain above 116.19 to maintain this view.
Invalidation point: 116.19
ASX: WISETECH GLOBAL LIMITED - WTC 4-Hour Chart Analysis
Function: Major trend (Minute degree, navy)
Mode: Motive
Structure: Impulse
Position: Wave (v)-orange of Wave ((iii))-navy
Details: Wave (iv)-orange has probably ended at 120.59 and wave (v)-orange is unfolding to push higher. It is subdividing into wave iii-grey, basically it can continue to target the high of 150.00 while price must remain above 120.59 to maintain this view.
Invalidation point: 120.59'
Conclusion:
Our analysis, forecast of contextual trends, and short-term outlook for ASX: WiseTech Global Ltd- WTC 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.
Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).
Source : Tradinglounge.com
More By This Author:
Elliott Wave Forecast: Nasdaq Tech Stocks Set For Big Moves; Market Top Insights
XAUUSD Commodity Elliott Wave Technical Analysis - Friday, September 6
S&P/TSX 60 Index Elliott Wave Technical Analysis - Friday, September 6
Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817