Any good chartists out there to help us understand the current trend of NAB & ANZ?
It seems to me that NAB has formed an inverse head & shoulders pattern. It's not very obvious on the one year chart, but looking at the 2-year chart I would say that it has also broken the resistance of the previous trough ($25.85) that was made on 11 March 2008.
The ANZ chart shows that has clearly formed a triple bottom.
How bulish are these signals?
Cheers
inverse head and shoulders
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Last
$36.92 |
Change
0.105(0.29%) |
Mkt cap ! $113.6B | |||
| Open | High | Low | Value | Volume |
| $36.92 | $36.98 | $36.81 | $50.89M | 1.379M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1447 | $36.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.92 | 3716 | 15 |
View Market Depth
| Last trade - 14.49pm 22/08/2024 (20 minute delay) ? |
| NAB (ASX) Chart |