Hi vishalt,
I can't dispute your figures about the recent bounce in bank Share Price ~ in fact March is where most of the bank/s share price bounce occurred, and since then they have been consolidating (for WBC between say $19 & $20.75).
Most daily WBC indicators are o'bought (and the 30 min indicators have already broken down ~ shown in the chart below) so my guess is the SP is set to move lower...
westpac's a very strong company, page-7
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 (20min delay)
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Last
$28.12 |
Change
0.270(0.97%) |
Mkt cap ! $97.18B | |||
| Open | High | Low | Value | Volume |
| $28.14 | $28.17 | $27.90 | $44.12M | 1.564M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 6814 | $28.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.13 | 6336 | 20 |
View Market Depth
| Last trade - 13.56pm 09/08/2024 (20 minute delay) ? |
| WBC (ASX) Chart |