CBA, ANZ and NAB all showing signs of reversing at around the level of the previous all time highs.
Slow stochastics have or are about to turn down on the daily and weekly charts. Friday had the highest volume in a month for NAB, over two for CBA and about four months for ANZ and was a down day for all.
ANZ has had three shooting star signals in the last three days. CBA had a bearish harami on Friday followed by a shooting star today. NAB had a bearish harami which was also a shooting star on Friday following a shooting star on 13 October.
Have had some good short positions on NAB in the last week and will enter additional shorts on these banks if they appear to going down.
Once this round of M & A comes to an end what will hold the market up?
CBA, ANZ and NAB all showing signs of reversing at around the...
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7,699.8 |
Change
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Mkt cap ! n/a | |||
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| XJO (ASX) Chart |