This CA along with everything else might have a very bad impact on WBC on Monday coupled with cruise ships marooned out at sea and most of Asia in a state of quarantine, and what will be a CBA result next week that may not shoot the lights out like the market expects.
It may test the low $24s, even perhaps high $23s before the rebound.
This downtrend wave appears a negative one, it is taking time and would be much better for all holders if it was over quickly so we could all have confidence in the bullish retracement but the same can be said for the other Big 4 banks, especially ANZ and NAB.
IMHO NAB has not bottomed yet and I think that is holding WBC back in a big way.
WBC Price at posting:
$25.01 Sentiment: Sell Disclosure: Not Held
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