Hey bud........agree with you regarding current NPL numbers but when I think of it from a macro level the unemployment rate reached another low at 3.5%. So this would lead me to think that on the basis of probability NPL is less likely to get any better but rather we may have reached a trough. So in nominal terms NPL may start to increase into Q3FY22.
Chart wise it's a complex larger degree WXY down hence I view it through the lens of above.
Of course there are spikes to trade it so you've done well if that's been the case.
MK.
WBC Price at posting:
$21.25 Sentiment: None Disclosure: Not Held
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