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NATIONAL AUSTRALIA BANK LIMITEDNATIONAL AUSTRALIA BANK LIMITEDNATIONAL AUSTRALIA BANK LIMITED

NATIONAL AUSTRALIA BANK LIMITED

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NAB trade ideas

NAB Monthly Long term structureElliotticians, don't crucify me... I'm no expert in EW theory! But I believe we are seeing a super high level double or triple three pattern emerging in NAB Long term it appears that NAB was in a trending pattern till 2009 Currently we are in a long term corrective phase, which consists of large Flat corrections and zigzags or triangles Overall we just completed a large Flat 3-3-5 wave pattern and likely to see a fall into an ABC correction (zigzag) to start a new corrective phase or possibly create a large long term triangle What this suggests is that this is in a large ranging pattern... so trading in and selling out at long term resistances would be the smart play until such time as the longer term structure becomes clear and builds a completed base to start a trending move outside of this structure Ranging markets chew up time to create the base for the next long term trend and in this case we are likely to see the range continue until we see some completed structure Some beginners sometimes do not understand ranging markets as they are harder to understand than trends... but if you get the overall grasp of them you can differentiate the difference between a real buying opportunity that have completed ranging structures within it and a short term buying opportunity and position yourself accordingly I've posted a few on the ASX over the years and each time the moves out of these tend to be strong and persistent
ASX:NABShort
by dionvuletich
ASX - NAB: 26 APR, 2024© Master of Elliott Wave Analysis: Hua (Shane) Cuong, CEWA-M. Details: The shorter-term outlook suggests that the ((iii))-green wave has recently peaked, and the ((iv))-green wave has unfolded in the form of a Flat correction, with the ((iv))-wave likely completed. The ((v))-green wave is now unfolding to push prices higher. We are closely monitoring NAB, and there will soon be a long-term trading opportunity with NAB. It looks like wave ii-blue is opening up, pushing a little lower, before wave iii-blue returns to push even higher. Invalidation point: 32.60
ASX:NABLong
by ShaneHua
NAB - MACD Daily Histogram above 0 for 25 Consecutive DaysThe National Australia Bank Ltd (ASX:NAB) MACD Histogram (12, 26, 9) has just recorded 25 consecutive days above 0. Since 2000, this type of indicator persistence above 0 when trading above its 200-day moving average, was usually the forerunner to some short-term upside. The 6-day average absolute return, following NAB's (12, 26, 9) MACD Daily Histogram above 0 for 25 consecutive days when trading above its 200-day moving average, was 2.16% with a win rate of 14 from 15, median 2.34%, & standard deviation of 1.74%. The 20-day average relative return versus the All Ordinaries Index , following NAB's (12, 26, 9) MACD Daily Histogram above 0 for 25 consecutive days when trading above its 200-day moving average, was 1.33% with a win rate of 12 from 15, median 0.85%, & standard deviation of 1.74%. Disclaimer: This data is not financial advice. Data is for educational & informational purposes only & should not be used to make any investment decisions. No representation or warranty is given as to the accuracy or completeness of this information. Past performance is not a guide to future performance & may not be repeated.
ASX:NAB
by UnknownUnicorn25462132
NAB will probably have ~10% gain after earnings reportInvestors show no interest in profit-taking until NAB earnings reports are published in May. The price movement is squeezed around the pre-covid resistance level. Instead of buying NAB now, it's better to see how the market will react to the earnings report. If the ascending triangle is broken, the price will move to the next resistance level quickly. This will yield a 10% increase or 50% profit if use 1:5 margin CFD. NAB is short term bullish, with no signs of a pattern reversal. However, consider the performance of AUS200 and US500 indexes because Australian shares quickly react to the US stock market. Not a financial advice, just a note to myself.
ASX:NABLong
by titusj
NATIONAL AUSTRALIA BANK LIMITEDNATIONAL AUSTRALIA BANK LIMITED Here we must damage a strong break to enter into big deals There is a lucrative business for a country that must be in harm to a real assertion in months A green candle above the resistance line then we have got it Strong confirmation of entering into a very strong deal as Hua Like a big red candle on the bottom of the resistance line i.e. The emergence of a strong Bio-Bio signal is loved by God and his Holly of Conciliation
ASX:NAB
by ELHASSANE-TRA
Big 4 of Australia's BankChart analysis request by 2 followers in Australia. Here you go : The first bottom on this chart is interesting. There is an average of 10 years separation acting as support. After the price tumbled to this level in Oct 97, it went up to a high of 42. It comes down just as fast during the Financial crisis and revisited this bottom at 15.69 again. Then, it shoot up to a high of 37.60 in Mar 15 before it heads south again. So, like many stocks that subject to the recent sell down in Mar 20, it too follows the same pattern, going below this support to a low of 13.19 before it rebound. 17.33 was the first resistance level that it cleared on its way up and now it is facing a 2nd resistance at 18.41. Be patient here as there lies a possibility of price action going sideway for a while before we see a breakout of this new resistance at 18.41. Once it breaks out, identify a bullish signal on a lower time frame and go LONG. The risk/reward ratio looks good with limited downside (13) and a higher potential upside (37 to 42)
ASX:NABLong
by dchua1969
5
ASX:NAB Cup and Handle formation ?? 🚨🚨The banks have been smashed since the pandemic started but apparently one of them is preparing to fly higher. That is ASX:NAB bank, from the technical analysis it is showing a promising chart pattern. From the chart, we can draw a cup and handle formation that has been forming for weeks. Besides the stock has crossed its 200MA after being glued to it for almost 2 weeks and suddenly jumped on a higher volume. These factors allow us to speculate that this stock is poised to go play in the bulls league. Although RSI is a bit overbought but from other technicals this stock looks great and it can be lucrative for next few days if not months. I will keep you updated of all the movements this stock play. Stay safe and have profitable trades. XTF
ASX:NABLong
by xtf_ze_trader