NAB 1.19% $37.24 national australia bank limited

Any good chartists out there to help us understand the current...

  1. 178 Posts.
    Any good chartists out there to help us understand the current trend of NAB & ANZ?

    It seems to me that NAB has formed an inverse head & shoulders pattern. It's not very obvious on the one year chart, but looking at the 2-year chart I would say that it has also broken the resistance of the previous trough ($25.85) that was made on 11 March 2008.

    The ANZ chart shows that has clearly formed a triple bottom.

    How bulish are these signals?

    Cheers

 
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