Unlocking ASX Trading Success: NATIONAL AUSTRALIA BANK LIMITED - NAB Stock Analysis & Elliott Wave Technical Forecast

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ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB   Elliott Elliott Wave Technical 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   Elliott Wave Technical Analysis

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, it is 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

 

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.

 

Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

Source : Tradinglounge.com get trial here!

 

Edited June 18 by tradinglounge