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19Apr

Cintas Corp., Elliott Wave Technical Analysis 19 April 2023

Alessio Barretta |19 Apr, 2023 | 0 Comments | Return|

Cintas Corp., Elliott Wave Technical Analysis 19 April 2023

4Hour

Cintas Corp., CTAS: 4-hour Chart, April 19 2023,
Cintas Corp., Elliott Wave Technical Analysis
CTAS Stock Market Analysis: Looking for one leg down in to wave {c} to complete the overall correction. We may find support on the 200EMA.
CTAS Elliott Wave count:  Wave {c} of 2.
CTAS Technical Indicators: Above all averages.
CTAS Trading Strategy: Looking for equality of {c} vs. {a} to then look for longs.

NDQStocks-Splash-1


Daily

Cintas Corp., Elliott Wave Technical Analysis
Cintas Corp.,  (CTAS:NASDAQ): Daily Chart, April 19 2023,
CTAS Stock Market Analysis: We successfully managed to confirm the triangle in wave (4) after a major gap up and we have been moving sideways ever since. Looking for this pullback to just be a three wave move to then resume and complete wave (5).
CTAS Elliott Wave Count:  Wave 1 of (5).


CTAS Technical Indicators: Above all averages.
CTAS Trading Strategy: Looking limited upside with a stop below wave (E).

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