LNW stock analysis and Elliott Wave technical forecast [Video]
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ASX: LIGHT & WONDER INC. – LNW Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart). Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with LIGHT & WONDER INC. – LNW. We determine that LNW is developing under wave ((ii))-green and may end soon, and is ready to allow wave ((iii))-green to return to push higher. ASX: Light and Wonder Inc – LNW Elliott Wave technical analysis ASX: LIGHT & WONDER INC. – LNW 1D Chart (Semilog Scale) Analysis. Function: Major trend (Minor degree, red). Mode: Motive. Structure: Impulse. Position: Wave iii-blue of Wave (iii)-purple of Wave ((iii))-green. Details: The short-term outlook shows that wave ((ii))-green has extended longer than expected, developing into a Double Zigzag. Wave (x)-purple has just completed, and wave (y)-purple is unfolding to continue pushing lower. Invalidation point: 136.07. ASX: LIGHT & WONDER INC. – LNW Elliott Wave Technical Analysis TradingLounge (4-Hour Chart). ASX: Light and Wonder Inc – LNW Elliott Wave technical analysis ASX: LIGHT & WONDER INC. – LNW 4-Hour Chart Analysis. Function: Major trend (Minute degree, green). Mode: Motive. Structure: Impulse. Position: Wave b-blue of Wave (y)-purple of Wave ((ii))-green. Details: The shorter-term outlook suggests that wave (y)-purple is currently unfolding, subdividing into waves a, b, c-blue, with wave a-blue having just completed. Now is the time for wave b-blue to unfold, pushing slightly higher before wave c-blue returns to push lower. This sequence would complete wave ((ii))-green, allowing wave ((iii))-green to resume and push higher. Invalidation point: 162.00. Conclusion Our analysis, forecast of contextual trends, and short-term outlook for ASX: LIGHT & WONDER INC. – LNW 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). ASX:…
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