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ASX: Computershare Limited (CPU) – Elliott Wave technical analysis
Today’s Elliott Wave update on the Australian Stock Exchange (ASX) focuses on COMPUTERSHARE LIMITED (CPU). Based on the current wave pattern, CPU may have finished wave iv) in orange, and wave v) in orange has now begun moving upward with potential bullish momentum. This update outlines target zones, critical invalidation points, and potential trend continuation signals.
ASX: Computershare Limited (CPU) – Daily chart analysis (semilog scale)
Details:
Wave iv) – orange unfolded as a zigzag, labeled a, b, c – grey, and ended at the low of 33.13. Wave v) – orange is moving up, targeting the channel’s upper boundary.
ASX: Computershare Limited (CPU) – Four-hour chart analysis
Details:
After the recent low at 33.13, wave v) – orange is climbing. The market appears to have completed wave i – grey. Now, wave ii – grey seems to be unfolding as a flat (a)), b)), c)) – navy). A further short-term dip is expected before wave iii – grey of wave v) – orange advances.
Conclusion
This forecast and technical analysis of COMPUTERSHARE LIMITED (CPU) offers insight into trend continuation and reversal opportunities. The article highlights precise levels that validate or invalidate the wave count, enhancing decision-making confidence for traders. By applying structured wave analysis, the forecast aims to deliver a grounded and professional view of the stock’s current market behavior.