Nav has the potential to go above 50 but at first let's go for at least 31-32 if we don't see it go below 15.70. On daily we have a clean 5 waves rise followed by this ABC correction. We have length equality between A & C at 16.80 and the 50% retracement level of previous impulsive wave and also historic support. On the 30min chart, looks like we have 5 waves up...
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NAV INVERTED HEAD & SHOULDERS FROM 2017/03/07 TO 2017/06/05 BREAKOUT: 28.18. TARGET:33.14 (+17%) POSITIVE MANSFIELD
I expect NAV to make a quick push to 31.24 as that is the next near term major resistance. This level might push it back into a consolidation between 31.24 and 27.58. If however 31.24 is breached with momentum, then the next likely target I will be eyeing is 32.74.