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
$37.61 |
Change
0.130(0.35%) |
Mkt cap ! $115.6B |
Open | High | Low | Value | Volume |
$37.85 | $38.01 | $37.58 | $183.6M | 4.868M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 10530 | $37.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.65 | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 10530 | 37.590 |
1 | 19777 | 37.570 |
1 | 9951 | 37.560 |
2 | 4806 | 37.550 |
2 | 14103 | 37.530 |
Price($) | Vol. | No. |
---|---|---|
37.650 | 2 | 1 |
37.670 | 7592 | 2 |
37.680 | 300 | 1 |
37.690 | 446 | 1 |
37.720 | 785 | 1 |
Last trade - 16.10pm 26/09/2024 (20 minute delay) ? |
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NAB (ASX) Chart |