My 2 bob on NST.
Things to consider:
The average monthly low runs on a cycle of approx 24 months
Monthly Elliot wave appears to be on a primary wave 4 after a 5 wave subwave pattern forming the primary wave 3.
Utilising retracement levels from the previous wave 3 shows that it is highly likely that wave 4 may have hits its low as it has also created a 3 wave pattern short (abc) on a monthly scale.
NST appears to have formed a sub subwave 1,2 leading into a subwave 3 of a primary wave 5.
The current move should push back above the sub wave b at around $14
If price continues to fall below 7.955 then the wave c short is still in play
Best looking weekly chart, page-1017
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Last
$14.44 |
Change
0.240(1.69%) |
Mkt cap ! $16.59B | |||
| Open | High | Low | Value | Volume |
| $14.44 | $14.58 | $14.38 | $95.89M | 6.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 23335 | $14.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.44 | 2338 | 1 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| NST (ASX) Chart |