Hats off to you Play2Win, excellently called. IMO Tumble time for the XAO for the next 3 to 6 weeks, my guess is 3800-4100 & I'm optimistic that will be the low of the year so have your cheque book at the ready to snap up some bargains. Very hard to guess where it will drag PNA to.
Dogboy; the double zigzag completed on the last low of 40c in pretty much identical shape to what I originally sketched out...wackey stuff this Elliott Wave. PNA Currently in motive 2 of it's minor cycle but likely to overlap wave 1 indicacting a truncated 5th (or motive 3) then ABC corrective; which would broadly fit with the XAO in a 5 wave down.
Just my amateur reading of the tealeaves: as always DYOR
PNA Price at posting:
$2.63 Sentiment: None Disclosure: Not Held
