Cintas Corp.(CTAS:NASDAQ) Elliott Wave Technical Analysis 26 April 23

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Cintas Corp., Elliott Wave Technical Analysis

Cintas Corp., (CTAS:NASDAQ): Daily Chart, 26 April 23,

CTAS Stock Market Analysis: Moving as expected, with what seems to be a three wave move. Looking for more downside into wave {c} to then resume and complete the diagonal in wave (5).

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

CTAS Technical Indicators: In between averages.

CTAS Trading Strategy: Looking for another leg lower into wave {c} to then start looking for longs.

TradingLounge Analyst: Alessio Barretta
 

 

 

 

Cintas Corp., CTAS: 4-hour Chart, 26 April 23,

Cintas Corp., Elliott Wave Technical Analysis
CTAS Stock Market Analysis: Looking for waves (iv) and (v) to come as anticipated in the previous analysis. We could find support around 450/440$.  

CTAS Elliott Wave count:  Wave (iii) of {c}.  

CTAS Technical Indicators: Below all averages but the 200.

CTAS Trading Strategy: Looking for additional downside into wave (v).