Car Group Limited – CAR stock analysis and Elliott Wave technical analysis [Video]
ASX: Car Group Limited – CAR Elliott Wave technical analysis
Today’s Elliott Wave analysis presents an update on CAR GROUP LIMITED (ASX:CAR) listed on the Australian Stock Exchange. Based on our recent review, CAR may have just finalized a corrective wave labeled (4) – orange Zigzag. This development suggests potential upside, encouraging a bullish outlook for the stock. This brief technical overview provides a forecast, as well as a critical level that could invalidate this bullish view.
Elliott Wave technical analysis
- Function: Intermediate Trend
- Mode: Motive
- Structure: Impulse
- Wave Position: Wave iv)) – navy of Wave 1 – grey of Wave (5) – orange
- Details:
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- Wave (4) – orange started from the…
