chart, page-2

dacata,

Yep, agreed it is potentially bearish. Requires confirmation, which should occur tomorrow, if at all.

Today was interesting, however. 9m of 25m traded in the first 30mins. 8 trades accounted for more than half of that 9m. There were loads of stops sitting at 20c. The moment it went through that number, the frenzy started between buyers and sellers at 18.5c-19.5c. That lasted the entire morning.

The afternoon was a battle between 18c and 17.5c. In the last half hour, that slipped down to 17.5c to 17c. So, while it ended at 17.5c, the pattern was down all day.

Mind you, given that NAB knew they'd have to fess up to their blown disclosure obligation, they might have decided to get in some last minute selling.

Anyway, tomorrow will tell, one way or another.