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Unlocking ASX Trading Success: TRANSURBAN GROUP - TCL Stock Analysis & Elliott Wave Technical Forecast


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ASX: TRANSURBAN GROUP - TCL Elliott Elliott Wave Technical Analysis TradingLounge

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with TRANSURBAN GROUP - TCL. We see TCL.ASX about to enter a bull market with wave (iii)-orange.

ASX: TRANSURBAN GROUP - TCL 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave (ii)-orange of Wave 3-grey

Details: Wave (i)-orange has just completed, and wave (ii)-orange is unfolding to push lower as a Zigzag. Then wave (iii)-orange could return to push higher. A push above 13.10 would be the first step to show that wave (iii)-orange is unfolding.

Invalidation point: 11.92

Asx24.thumb.png.7a5ae70a865ff4aa6b824db8b5c08942.png

ASX: TRANSURBAN GROUP - TCL 4-Hour Chart Analysis

Function: Major trend (Minuette degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave ((5))-navy of Wave c-grey of Wave (ii)-orange

Details: Wave (i)-orange has finished as a five-wave, and wave (ii)-orange is developing as a zigzag labeled a,b,c-grey. Basically, wave a,b-grey has finished, and wave c-grey is also close to or has finished. The push above 13.00 is the first step to show that wave (iii)-orange is really unfolding to push higher.

Invalidation point: 11.92

Key point: 13.00

Asx24(1).thumb.png.b8ab0ac0d4ab4997dbd11dffef01abfd.png

Conclusion:

Our analysis, forecast of contextual trends, and short-term outlook for ASX: TRANSURBAN GROUP - TCL aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.

Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

Source : Tradinglounge.com get trial here!

#TCL #ASX #Stocks #ElliottWave #TradingLounge

 

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