Banks for the entire month have traded below their quarterly 50% levels.
New month starts on monday and those 20 day lows are creeping up on most Banks. Since the rally began over 3 weeks ago, NAB and ANZ haven't closed below their 3 day trailing lows, CBA did because of its div and WBC is the lagging one atm.
Something to keep an eye on those 3 day lows.
New monthly 50% levels
ANZ 18.35
CBA 31.08
NAB 34.45
WBC 15.20.
not keen on banks below those ratios in the coming month.
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