Firstly the banks, evryone hates them and them damm fees but boy are they great to trade. Banks have been paying me fees for years. Rather than chart them individually i will show some monthly indicators on CBA and NAB, and they were the first 2 i typed in. Monthly and weekly indicators are oversold so for me i will continue to buy on daily weakness, at a stab i reckon i will be back in the banks before the end of the week. All the banks in recent days have crossed a favourite EMA of mine so they should support and then go again.
The weekly targets i have for the 4 going forward if we rally to May/June are WBC 19-21 ANZ 16- 17 NAB 22 CBA 35 -37
