NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Analysis TradingLounge (1D Chart)
Greetings, our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NATIONAL AUSTRALIA BANK LIMITED - NAB. We determine that NAB will continue to push higher with wave iii-grey of wave (iii)-orange. We updated our trade recommendation (Long Trade with NAB) yesterday. NAB is opening up quite good profits in today's trading session.
ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis
ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB 1D Chart (Semilog Scale) Analysis
Function: Major trend (Minute degree, navy)
Mode: Motive
Structure: Impulse
Position: Wave iii-grey of Wave (iii)-orange of Wave ((v))-navy
Details: The short-term outlook suggests wave (iii)-orange is unfolding to push higher.
Invalidation point: 34.48
ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)
ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB 4-Hour Chart Analysis
Function: Major trend (Minuette degree, orange)
Mode: Motive
Structure: Impulse
Position: Wave ((3))-navy of Wave iii-grey of Wave (iii)-orange
Details: The short-term outlook shows that wave (iii)-orange is opening to push higher, subdividing into waves i, ii, iii-grey and waves ((1)), ((2)), ((3))-navy. We updated our trade recommendation (Long Trade with NAB) yesterday. NAB is opening up quite good profits in today's trading session.
Invalidation point: 34.83
Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
Previous: RESMED INC - RMD Elliott Wave Technical Analysis
Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here
Access 7 Analysts Over 170 Markets Covered. Chat Room With Support
Conclusion Our analysis, forecast of contextual trends, and short-term outlook for ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.