Just glancing at Ozzie bank charts this morning having read about ANZ bank having problems. Haven't given them that much of look but reckon they all look a bit bearish for some time yet.
NAB is bearish on the 1W weekly outlook.
1. TK cross bearish under cloud
2. Chikun (Lagging span) under price - bearish
3. Price under cloud - bearish
See chart for 2 intermediate support levels. If hell breaks loose, a stronger support is at $23.
This is a follow up on yesterday's call out in my live trading room. Share prices breached 28.57 price point to the upside and closed the trading session around 28.87 support. We could be looking at a continuation of yesterday's run if prices can hold above 28.87 support. short to medium target is at around 29.66. Good luck
ASX:NAB price is in a consolidation region between 29.00 and 30.50 - also confirmed by the OBV - and has closed above MMA20 for the first time since May. A price break through the 30.50 resistance can lead to an interesting long position targeted initially at 31.00, and then, 31.50. Opening a short position targeted at 27.928 might be the way to go if the price...
