Technical analysis of CCOH Elliott Wave
Our latest Elliott Wave analysis focuses on the Australian Stock Exchange (ASX) and Cochlear Limited – Coh.
An ABC corrective ABC has recently ended, presenting new upward perspectives for ASX: COH.
This report highlights potential target prices, expected future trends and essential crucial invalidation levels to support the upward momentum, delivered in a clear technical approach.
Technical analysis of Coh Elliott Wave
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Function: Major trend (intermediate degree, orange).
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Fashion: Pattern.
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Structure: Pulse.
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Position: Wave 5)) – Marine.
Analysis details:
Wave 4)) – The navy has probably completed ABC corrective training labeled Orange.
With this completion, the conditions seem favorable at the beginning of wave 5)) – ascending movement of the navy.
This scenario strengthens upward perspectives, with a potential price of price at the previous summit nearly $ 350.00.
Technical analysis of Coh Elliott Wave
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Function: Major trend (minor degree, gray).
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Fashion: Pattern.
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Structure: Pulse.
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Position: Wave 3 – Gray of Wave 5)) – Marine.
Analysis details:
From the level of 246.14, a sequence of five waves marked 1 – Gray at 5 – Gray took place.
Currently, wave 3 – Gray is progressing upwards and is expected to target between 281.50 and 303.06.
Once the wave 3 – Gray concludes, a withdrawal like wave 4 – the gray should occur but must remain above 265.00 to maintain the bullish number, ensuring that the 5 – the gray can follow.
Conclusion:
Our Elliott Wave analysis and forecasts for Cochlear Limited – Coh Aim for providing valuable information on market management.
Specific validation and invalidation levels are provided to strengthen confidence in the number of waves.
By combining a detailed analysis of trends with professional methodology, we strive to offer the most objective view for effective market positioning.
Technical analyst: Hua (Shane) Cuong, Cewa-M (Designation of Master).
Technical analysis of CCOH Elliott Wave [Video]
