DOW futures rally up 900 points driven by news report that came after market closed.
Gilead drug Remdesivir showing effectiveness against coronavirus.
Australian stock market is likely to rally today driven by this news.
WBC is positioned well for two postive technical signals today.
1. Closing price above $15.97 will lead to two consecutive positive weekly close on the weekly charts 2. Closing price above $16.00 will lead to WBC closing above its 25 DMA for the first time since Feb 2020 before the panic selling started
Finally there are signals that things are getting better slowly and steadily for WBC as well as the overall stock market in general
WBC Price at posting:
$15.92 Sentiment: Buy Disclosure: Held
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