the broker reports will all confidently report so in respect of WBC until such time as NAB fills the T/A gap downwards that ANZ, CBA and WBC are all almost perfectly correlated and range trading towards. Until NAB closes that gap and triggers those stop losses or whatever the gap signifies (I have had a look and it appears uncorrelated to any corporate action or CR or bearish resistance level of which I am aware).
IMHO but pls DYOR, WBC will continue to trade range between $24 and $24.85 until NAB closes the gap and then they should in T/A theory go up from there in the next trading pattern or wave (if u r into wave theory).
WBC Price at posting:
$24.47 Sentiment: Hold Disclosure: Not Held
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