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Cintas Corp.(CTAS:NASDAQ) Elliott Wave Technical Analysis 19 April 23


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Cintas Corp., Elliott Wave Technical Analysis

Cintas Corp., (CTAS:NASDAQ): Daily Chart, 19 April 23,

CTAS Stock Market Analysis: We successfully managed to confirm the triangle in wave (4) after a major gap up and we have been moving sideways ever since. Looking for this pullback to just be a three wave move to then resume and complete wave (5).

CTAS Elliott Wave Count: Wave 1 of (5).  

CTAS Technical Indicators: Above all averages.

CTAS Trading Strategy: Looking limited upside with a stop below wave (E).

TradingLounge Analyst: Alessio Barretta

 

CTAS_4_19.png.eccb3e9173965a83203997426def8315.png

 

 

Cintas Corp., CTAS: 4-hour Chart, 19 April 23,

Cintas Corp., Elliott Wave Technical Analysis

CTAS Stock Market Analysis: Looking for one leg down in to wave {c} to complete the overall correction. We may find support on the 200EMA.  

CTAS Elliott Wave count: Wave {c} of 2.  

CTAS Technical Indicators: Above all averages.

CTAS Trading Strategy: Looking for equality of {c} vs. {a} to then look for longs.  

CTAS_4H.png.8d0aecd705c4a981f8b1afd5e15aa3a9.png

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