both charts showing price support at 61.8 fib level. Newc is trading near breakout of that dreadful two year downward channel.
Newc in terms of Elliot wave count should be doing an abc correction over that 5 waves down which basically means it won’t make new high.
coking is different with a clear 3 waves move down.
I think it is the buying opportunity unless thermal breaking that upward channel and coking breaking that last low. The entry and exit is your choice obviously but I basing mine on the chart.
both charts showing price support at 61.8 fib level. Newc is...
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 (20min delay)
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Last
$5.79 |
Change
-0.030(0.52%) |
Mkt cap ! $4.810B | |||
| Open | High | Low | Value | Volume |
| $5.83 | $5.84 | $5.74 | $46.03M | 7.369M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 970 | $5.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.80 | 25458 | 19 |
View Market Depth
| Last trade - 12.39pm 20/06/2025 (20 minute delay) ? |
| WHC (ASX) Chart |