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
$26.55 |
Change
-0.130(0.49%) |
Mkt cap ! $88.00B |
Open | High | Low | Value | Volume |
$26.57 | $26.68 | $26.50 | $49.31M | 1.855M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 10110 | $26.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.56 | 5245 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 2741 | 26.560 |
23 | 14848 | 26.550 |
13 | 7157 | 26.540 |
15 | 5660 | 26.530 |
12 | 16678 | 26.520 |
Price($) | Vol. | No. |
---|---|---|
26.570 | 7425 | 15 |
26.580 | 3501 | 10 |
26.590 | 3663 | 9 |
26.600 | 4857 | 13 |
26.610 | 4279 | 5 |
Last trade - 14.35pm 20/04/2021 (20 minute delay) ? |
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Last
$26.53 |
  |
Change
-0.130 ( 0.84 %) |
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Open | High | Low | Volume | ||
$26.62 | $26.66 | $26.51 | 247508 | ||
Last updated 14.54pm 20/04/2021 (live) ? |
NAB (ASX) Chart |