WBC 0.58% $27.31 westpac banking corporation

It looks to me westpac could be on its way to form a double...

  1. 328 Posts.
    It looks to me westpac could be on its way to form a double bottom at 22.30.Although it could break down further,so many indicators are telling me its oversold and ready to bounce.
    With monthly pivot point at 24.07 showing S1 at 22.27 and S2 at 20.07.S1 also happens to fall within the 61.8 fib retracement of the rescent uptrend.
    I could be wrong but im confident it will bounce from those levels.time will tell

    gunn
 
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