I see people here talking about NAB going lower. This may be and $27's may be the final resting place but it wont go down in a straight line as it has been.
Looking at the chart and some of the indicators, I feel the move down has been too sharp and is currently oversold. A bounce is overdue and is coming in the next 1-2 days.
It might go lower in the next few weeks, but based on Thursday's (long tail doji) and Friday's candle (supported above 29.68), we are at the bottom now (for a bounce).
The banks did not respond to 2 consecutive green days in the US last week. The banks want to go up when US is flat or when US is down. And on Friday, we had a flat US.
The minimum bounce target: Very easily $30.40, then $30.70. Then around $31.00.
So, we are looking at around 5% from the low of $29.56 last week.
There is $1 in this baby right here. Buy Qty 10,000 and walk away with 10k in 3 days.
I'd buy it Monday morning on the weak open.
My opinion only by the way.
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Last
$43.02 |
Change
-0.390(0.90%) |
Mkt cap ! $131.7B | |||
| Open | High | Low | Value | Volume |
| $43.12 | $43.18 | $42.82 | $122.3M | 2.844M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 529 | $42.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.02 | 500 | 1 |
View Market Depth
| Last trade - 16.16pm 11/09/2025 (20 minute delay) ? |
| NAB (ASX) Chart |