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.
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).