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
$36.23 |
Change
0.200(0.56%) |
Mkt cap ! $112.2B |
Open | High | Low | Value | Volume |
$36.26 | $36.44 | $36.07 | $152.6M | 4.216M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3369 | $36.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$36.23 | 9815 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 276 | 36.150 |
1 | 700 | 36.140 |
2 | 42489 | 36.060 |
3 | 8409 | 36.050 |
1 | 9701 | 36.040 |
Price($) | Vol. | No. |
---|---|---|
36.250 | 118 | 1 |
36.260 | 23033 | 1 |
36.280 | 6854 | 2 |
36.300 | 10929 | 3 |
36.320 | 4627 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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