OReilly Automotive Inc.(ORLY:NASDAQ) Elliott Wave Technical Analysis 2 March 23

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OReilly Automotive Inc., Elliott Wave Technical Analysis 

OReilly Automotive Inc., (ORLY:NASDAQ): Daily Chart, 2 March 23, 

ORLY Stock Market Analysis: At this point the overall count has changed as we are either in wave {ii} of 3 or else in wave {c} of 2.  

ORLY Elliott Wave Count:  Wave {ii} of 3. 

ORLY Technical Indicators: Below 20EMA average.  

ORLY Trading Strategy: Looking for a bottom in wave {ii} to then look for longs.

TradingLounge Analyst: Alessio Barretta

 

 

 

OReilly Automotive Inc., ORLY: 4-hour Chart, 2 March 23, 

OReilly Automotive Inc., Elliott Wave Technical Analysis 
ORLY Stock Market Analysis: Looking for a three wave move in wave {ii} to be nearly completed, to then look for additional longs as we are also near the volume point of control. 

ORLY Elliott Wave count:  Wave (c) of {ii}. 

ORLY Technical Indicators: In between averages 

ORLY Trading Strategy: Looking for a bottom in wave (c) to then look for longs.