ASX: REA GROUP LTD – REA Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with REA GROUP LTD – REA . We see REA.ASX possibly rising with wave ((iii))-navy.ASX: REA GROUP LTD – REA  Elliott Wave Technical Analysis  ASX: REA GROUP LTD – REA  1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, gray)  Mode: Motive  Structure: Impulse  Position: Wave ((iii))-navy  Details: Wave ((ii))-navy just ended at the low at 187.27, and wave (((iii))-navy looks to be unfolding to push higher. While price must remain above 187.27 to maintain this view. Invalidation point: 187.27ASX: REA GROUP LTD – REA  Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: REA GROUP LTD – REA  Elliott Wave Technical Analysis ASX: REA GROUP LTD – REA  4-Hour Chart AnalysisFunction: Major trend (Minute degree, navy)  Mode: Motive  Structure: Impulse  Position: Wave (i)-orange of Wave ((iii))-navy Details: Since the low at 187.27, wave ((iii))-navy is unfolding to push higher. It is subdividing into wave (i)-orange itself, and should complete soon, at which point wave (ii)-orange will unfold to push lower. I would look for a Long Trade Setup when wave (ii)-orange finishes, to target wave (iii)-orange.  Invalidation point: 187.27Conclusion:  Our analysis, forecast of contextual trends, and short-term outlook for ASX: REA GROUP LTD – REA  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) […]

For the past five trading sessions, the GBP/USD currency pair has been trying to rebound upwards, but its gains have been capped at 1.2793 before settling around the 1.2760 level at the beginning of trading on Tuesday. According to the economic calendar, the GBP/USD pair may take cues from high-level US and UK data this […]

Image Source: Unsplash  During a counter market rally in the stock market, during a bear market or stock market correction, how do you decide to make a profit? In this video, I provide my trading strategies for profit taking in a bear market rally.Video Length: 00:10:46More By This Author:When Stocks TumbleThe Stock Market Is Not Crashing; […]

The Wall Street Journal recently reported that an activist investor hedge fund, Starboard Value, has taken an undisclosed stake in coffee shop chain Starbucks (SBUX).It’s a complicated situation as Starbucks is already “in talks to strike a settlement agreement” with another activist investor hedge fund, Elliott Investment Management. In July, the Journal reported that Elliott had “built a sizable stake in” Starbucks and was “pushing the […]

ONEOK Inc. (OKE), engages in gathering, processing, fractionation, storage, transportation & marketing of natural gas & natural gas liquids in the United States. It operates through Natural gas gathering & processing, Natural gas liquids & Natural gas pipelines segments & Refined products & Crude. The company is based in Tulsa, Oklahoma, comes under Energy sector […]