I am surprised to see so many 'ceasing to be a shareholder' notices given the chart and economic backdrop in the US. Just goes to show how clueless fund managers can be.
Brief analysis:
Resistance - $25.75
Long-term support - $19.60
Short-term pullback possibility - $21.50
Given the strong bounce from $21 to present levels around $24.50 that can be partly attributed to going ex div, I would expect a pullback to $23.50 before the stock resumes its direction toward the $25 level.
What's clear is that the bearish trend has ended and that a new bullish trading channel has formed.
new bullish channel formed for nab
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Last
$36.03 |
Change
-0.260(0.72%) |
Mkt cap ! $111.6B | |||
| Open | High | Low | Value | Volume |
| $35.75 | $36.03 | $35.46 | $152.8M | 4.263M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8542 | $35.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.03 | 2977 | 1 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| NAB (ASX) Chart |