Cochlear Limited – COH Elliott Wave technical analysis [Video]
Cochlear Limited – COH Elliott Wave Technical Analysis
Overview
Our updated Elliott Wave analysis for the Australian Stock Exchange (ASX) focuses on COCHLEAR LIMITED – COH. According to our forecast, ASX:COH may have finished a second wave correction and might be starting a third wave rally. This stage often brings more price gains. In this report, we outline the next price target, the invalidation level, and possible medium-term trend direction.
COH one-day chart (semilog scale) analysis
Analysis details: Wave 4)) – navy likely just ended a correction pattern marked A,B,C) – orange. Now, it appears ready for Wave 5)) – navy to rise. This scenario supports a bullish market view, with the next potential…
