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Elbit Systems Ltd.(ESLT:NASDAQ) Elliott Wave Technical Analysis 23 February 23


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Elbit Systems Ltd., Elliott Wave Technical Analysis
Elbit Systems Ltd., (ESLT:NASDAQ): Daily Chart, 23 February 23,
ESLT Stock Market Analysis: We are expecting five waves down into wave C of (2) after the sharp rally that we had until last summer. At this point we are looking for one last move lower before looking for upside.  
ESLT Elliott Wave Count:  Wave {v} of C.
ESLT Technical Indicators: Bouncing around the 20EMa.  
ESLT Trading Strategy: Looking for one last move down before upside continuation.  
TradingLounge Analyst: Alessio Barretta
 
ESLT_2_27.png.d8e23cde328ba2d8e863e7e32821da2d.png

 
Elbit Systems Ltd., ESLT: 4-hour Chart, 23 February 23,
Elbit Systems Ltd., Elliott Wave Technical Analysis
ESLT Stock Market Analysis: I was expecting a flat in wave {iv} as the most recent move down looked like a three wave move. Therefore I expect further upside to complete (c) to then resume lower.  
ESLT Elliott Wave count:  Wave (c) of {iv}.
ESLT Technical Indicators: Above 20EMA
ESLT Trading Strategy: Looking for further upside into wave (c) to then resume lower.  
ESLT_4H.png.daf4051ac50c06b110054373cff12277.png

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