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 Unlocking ASX Trading Success: COMPUTERSHARE LIMITED. – CPU Stock Analysis & Elliott Wave Technical ForecastASX: COMPUTERSHARE LIMITED. – CPU Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COMPUTERSHARE LIMITED. – CPU. We have identified that CPU will continue to push higher, as the price of CPU has not yet risen significantly, as updated in our Top 50 ASX Stocks service. And now we identify that CPU will continue to push higher towards the target of 27.08 as the immediate objective.ASX: COMPUTERSHARE LIMITED. – CPU Elliott Wave Technical Analysis  ASX: COMPUTERSHARE LIMITED. – CPU 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, red)Mode: MotiveStructure: ImpulsePosition: Wave ((iii))-green of Wave 3-redDetails: The short-term outlook suggests that wave 2-red appears to have bottomed out around 22.87, and wave 3-red is now unfolding. It subdivides into waves ((i)) and ((ii)) in green, and it seems they have completed. Now, wave ((iii)) in green is expected to resume its upward movement, with the price staying above 25.06 providing a significant advantage for this outlook.Invalidation point: 22.87ASX: COMPUTERSHARE LIMITED. – CPU Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)Function: Major trend (Minute degree, green)Mode: MotiveStructure: ImpulsePosition: Wave iii-blue of Wave (iii)-purple of Wave ((iii))-greenDetails: The shorter-term outlook indicates that wave ((ii))-green bottomed out at a low of 24.42, and now wave ((iii))-green is unfolding to continue pushing higher, targeting an immediate objective around 27.08. Maintaining a price above 25.97 is an advantage and provides positive support for the continuation of this upward trend.Invalidation point: 24.42Conclusion:  Our analysis, forecast of contextual trends, and short-term outlook for ASX: COMPUTERSHARE LIMITED. – CPU 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).More By This Author:Commodity: Bitcoin, USD, Gold, Silver, China, Uranium, Oil, Gas, Elliott Wave Strategies
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