A coarse 3 box PnF chart of NST ( King of the ASX listed Goldies in my opinion) with a box size of 13.7 cents and a completed re- accumulation pattern enabling us to take a tentative count to forecast the potential extend of the current up-leg. The count yields a tentative price objective of $9.50 (rounded). It will be interesting to see if NST makes it there ???
Yes, there are other counts also but this will do for me.
As always, I don’t trade a count/forecast of any kind. But rather it may be used for Risk/Reward calculation.
Disclosure : I have NO open positions with NST.
Chart is courtesy of tradingview.com and it is FREE.
THERE HAS BEEN AN ERROR IN UPLOADING THE CHART INITIALLY. RIO CHART WAS POSTED IN ERROR.
CORRECT CHART BELOW.
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