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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
 
CTAS_4_26.png.5a79659313c477fc2c338dfbd16c282f.png
 
 

 
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).
CTAS_4H.png.7bd916f24e672fa1ee16bee507b00999.png
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