CBA - EX DIV MONDAY WILL FALL BACK. TECHNICALS LOOK WEAK.
NAB - NO EXECUTION OF THE DAILY BUY BACK AT ALL WEEK THIS WEEK. A BIT STRANGE. EXPECT SOMETHING (POTENTIALLY) NEGATIVE TO BE ANNOUNCED POSSIBLY BY THE WEEKEND I SUSPECT. ABOUT TO BREAK THE DOWNSIDE ON THE CURRENT WEDGE FORMATION ON THE CHARTS.
WBC/ANZ - BOTH LOOK LIKE BEARISH ENGULFING PATTERNS ON CANDLESTICKS . MOMENTUM AND DIVERGENCE INDICATORS ALSO SUGGEST DOWNSIDE.
ANZ -
*** BANKS DOWNSIDE TO COME
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