HELLO GUYS THIS MY IDEA 💡ABOUT NAB is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
NAB hitting resistance level. time to sell.
fianance is really political rather than economics.
RBA has to step in to save the banks from getting smashed.
if rates rise all those loans will be liabilities and
the banks who make up most of the index will get smashed
The 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...
Entry: 27.23
Stop loss: 26.70
Went long after it broke out after a period of consolidation with above average volume.
Note that the earnings will be released the following day though.
Investors 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...
NAB facing resistance level.
can it break higher?
can RBA go negative? Can NAB create new loans or have we hit saturation levels of debt. banks make money on creating debt.
retest of $15 for NAB??
ENTRY: 24.70
TP1: 25.70
TP2: 27.49
SL: 23.90
- ADX<25. Would like to be higher for momentum.
- RSI>60
- RS +ve but FFI -ve. Enter with smaller position
- MAs are aligned
- Breakup on 3 Jan 2021 with decent volume
Consensus is the market in AUS is going ahead for 21. With that in mind, If the XJO is going to keep on keeping on the banks are going to have to get bullish. With an obvious bull flag in the NAB chart it may be worth a punt.
Technicals - Bullish Flag, enter on bullish candle breakout.
Fundamentals - Housing in Australia is picking up again. Talk of the...
NATIONAL 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...
Chart 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...
The short-term trend is still down, but we will watch a bounceback and an extended signal around the major support levels.
Major support at 23.00, 22.52, and 22.00
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...
