Another stock that i found interesting was WOW.
We can clearly see a 5 wave advance, and the last swing high has put in a RSI divergence, so suggests its a 5th wave of a 5 wave structure.
After a 5 wave advance is complete (note this is a monthly chart) we should see a 3 wave correction.
So if this has indeed topped a large 5 wave advance, i am expecting a corrective phase in 3 waves, once that could see a decline towards $18.00-$16.00.
It needs to ideally stay under the $36.00 area, although i suspect if we see a substantial decline, we would should see the XJO puke as well, so a broad based selling would be the likely out come.
Nouf
time to sell?
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Last
$33.06 |
Change
-0.160(0.48%) |
Mkt cap ! $40.38B | |||
| Open | High | Low | Value | Volume |
| $33.02 | $33.30 | $33.02 | $41.28M | 1.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 31 | $33.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.08 | 45 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| WOW (ASX) Chart |