weekend charting march 18-20, page-65

  1. 741 Posts.
    Sharks Also another reason NAB could be stalling is that it just over a year since the March 2009 low. Funny how price closed at 26.90 as the .382 retracement from the all time high of 44.84 and the march low of 15.85 is 26.92. Are we simply backtesting this area atm?. Having said all this the weekly looks nice stochastics turned up but needs to break the trendline and we have an obvious flag pattern. All in all mixed signals for me maybe a slight pullback on the daily. The AXA decision will decide if the flag pattern plays out one would think
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.