Wave-3 Setup Emerging on a Fundamentally Strong Consumption Play

Multi-Timeframe Technical + Fundamental Analysis 📈 Elliott Wave Structure The weekly structure suggests completion of a larger corrective Wave (2) near the long-term demand zone. Price is now attempting to initiate Wave (3), typically the strongest and fastest phase in Elliott theory. The marked roadmap shows: Wave (1): Initial thrust from the base Wave (2): Shallow pullback holding above key averages Wave (3–5): Potential impulsive advance toward prior highs and beyond A sustained move above the horizontal resistance zone (~4,700) would confirm trend resumption. 📊 MACD & Momentum Read Weekly MACD displays bullish divergence: momentum improved while price made a lower low during the recent decline. Histogram contraction followed by early expansion hints at trend exhaustion on the downside and a momentum reset in favor of bulls. 📍 AVWAP & Long-Term Support The anchored VWAP from the major base aligns closely with the recent price bottom. Multiple weekly reactions from this level indicate strong institutional demand, turning AVWAP into a reliable support reference. Price stabilizing above AVWAP strengthens the probability of a trend reversal rather than a dead-cat bounce. 📐 Moving Average Structure Long-term moving averages are flat to mildly rising, suggesting structural consolidation, not breakdown. Price compression near these averages often precedes large directional moves, especially when aligned with Wave (3) setups. Fundamental Strength Snapshot The business operates in a branded consumer segment with pricing power, supporting margin stability. Consistent revenue and profit growth over cycles reflect strong execution and demand visibility. Healthy ROCE and disciplined capital allocation underline operational efficiency. Balance sheet strength provides flexibility for expansion without stressing returns.