Jump to content

DexCom Inc.(DXCM:NASDAQ) Elliott Wave Technical Analysis 1 May 23

Recommended Posts

DexCom Inc., Elliott Wave Technical Analysis
DexCom Inc., (DXCM:NASDAQ): Daily Chart, 1 May 23,
DXCM Stock Market Analysis: We broke through confirmation by break the green line and we are pulling back as expected. Looking for further upside into wave 3.  
DXCM Elliott Wave Count:  Wave 2 of  (C).
DXCM Technical Indicators: Above all averages.
DXCM Trading Strategy: Looking for a pullback into wave 2 to then look for longs.  
TradingLounge Analyst: Alessio Barretta

DexCom Inc., DXCM: 4-hour Chart, 1 May 23,
DexCom Inc., Elliott Wave Technical Analysis
DXCM Stock Market Analysis: By looking at the smaller timeframes it looks like we could have had a three wave move into wave 2 completed. We could start looking for longs with a stop at the end of wave E, allowing for a double correction lower into wave 2 of (C).
DXCM Elliott Wave count:  Wave 2 of  (C).
DXCM Technical Indicators: 20EMA as resistance.
DXCM Trading Strategy: Looking longs with a stop at the end of wave E.
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...