Japaul Looking For an Elliot Wave Bottom - EW Nation

Japaul Looking For an Elliot Wave Bottom

August 3, 2025

Members, Nigeria, Stock

Japaul Gold is undergoing a significant institutional pivot—from maritime services into the mining sector. While FY 2024 showed strong financial recovery, rising core costs and persistent negative cash flows remain concerns.

Japaul Looking For an Elliot Wave Bottom

Updated: 8/3/2025 9:16 AM

Bottom Line: Looking for wave (ii) correction

(Last Price 2.79): Lacking any evidence of a turn higher, such as a five-wave advance, there is scope for lower in wave (ii) towards 2.39 – 2.37, the 61.8% retracement levels of wave a. Trading above wave b extreme at 3, will suggest the trend has turned higher.

(Last Price 6.9):

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