Cintas Corp.(CTAS:NASDAQ) Elliott Wave Technical Analysis 11 May 23

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Cintas Corp., Elliott Wave Technical Analysis

Cintas Corp., (CTAS:NASDAQ): Daily Chart, 11 May 23,

CTAS Stock Market Analysis: Moving higher as we forecasted in the previous post. Looking for further upside into wave C as we are expecting an ending diagonal into primary wave 5.  

CTAS Elliott Wave Count: Wave {iii} of C.

CTAS Technical Indicators: Above all averages.

CTAS Trading Strategy: Looking for longs into wave {iii} with a stop below wave {ii}.

TradingLounge Analyst: Alessio Barretta

 

 

 

Cintas Corp., CTAS: 1-hour Chart, 11 May 23,

Cintas Corp., Elliott Wave Technical Analysis

CTAS Stock Market Analysis: Lookin og fur more upside room left as we could reach anywhere between equality and 1.618 of C vs. A, potentially around 500$.

CTAS Elliott Wave count: Wave {iii} of C.

CTAS Technical Indicators: Above all averages.

CTAS Trading Strategy: Looking for longs into wave {iii} with a stop below wave {ii}.