Ultra (and others),
Was looking at the recent price action on NAB (since 25/6) and wonder on your opinion / interpretation. It looks to me as if NAB has completed a five wave movement down and could have completed today a 3 wave ABC up. Here are my thoughts....
W1 : $34.38 to $33.24 = $1.14
W2 : $33.24 to $34.11 = $0.87
W3 : $34.11 to $32.02 = $2.09
W4 : $32.02 to $32.87 = $0.85
W5 : $32.87 to $31.90 = $0.97
A : $31.90 to $32.75 = $0.85
B : $32.75 to $32.16 = $0.59
C : $32.16 to $33.08? = $0.92
The reasons I am leaning this way are are:
The certainly seems to be a 5 wave downward thrust;
What I have labelled as W3 looks like a W3 (ie very impulsive), and;
The movement off $31.90 looks corrective when looking at its structure and associated MACD / RSI.
Opinions and thoughts? I am wary of reading too much into this as it could also be viewed as a correction of the movement up from $31.05 and we are now entering another upward movement.
Regards,
Jaysee
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Last
$35.63 |
Change
0.320(0.91%) |
Mkt cap ! $109.9B |
Open | High | Low | Value | Volume |
$35.73 | $35.79 | $35.43 | $76.33M | 2.142M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10799 | $35.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.68 | 2800 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20 | 35.600 |
1 | 1000 | 35.530 |
1 | 1000 | 35.500 |
2 | 2000 | 35.450 |
1 | 1500 | 35.420 |
Price($) | Vol. | No. |
---|---|---|
35.700 | 300 | 1 |
35.730 | 1250 | 1 |
35.750 | 480 | 1 |
35.790 | 681 | 3 |
35.800 | 4848 | 5 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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