Analysis:
Looking at the weekly chart, I would say it's too early to find an entry whilst price is still consolidating. Once we can see price breaking out of zone we can look for a retest confirmation.
To consider:
Overall history is very bullish.
Currently in bear market.
Crypto regulation nearing.
SMA crossing but no clear indication.
West Australian based engineering firm designing and constructing mine processing facilities for some of Australia's biggest mining companie s.
Huge growth potential shown in the 1W chart.
ST
from here we should rely on support around the 1.60 area.
I think we should swing somewhere in the region of 2.00 which is the 0.382 retracement of wave a-c
ASX .BSE Base Resources
Target longer term to fill out the flat corrective formation= also known as double top
Projection is 1.00 Fibonacci expansion and it fills out pretty nicely as a scenario. If all goes well of-course.
Progression upward from this point is the key performance indicator for the trade to be successful.
Wave 2 triangle breakout. Move above the 100% fib would be bullish and confirm wave 3 is in effect
Failure to breach 0.30 and make a new high will see it test the 0.618 extension
Hello investors
were hopefully starting to see the bottom of the correction. in line with the opportunistic bullish count of the Nasdaq and tech indexes which are all oversold and edging to push higher. if if only a corrective wave (2)
cheers
limitlesss
Hey investors,
Gearing up for the future
Long term outlook for the company is great. technically it has a long way to appreciate from a wave perspective
regards,
Limitlesss
Hey investors
Setup in the GDX and GLD at the moment is begging for gold miners to revert back into an upward cycle
Technically we have enough waves down to consider the formation complete and divergence is coming through stronger as the days pass
NST is one of those stocks. ASX listed
All the best. Please hit like and support the ASX listed traders on...
