The Aussie market has not run as hard as say the US (DOW, S&P & NASDAQ) index. Safe bet looks a W shaped recovery so a retest of the March 23 lows a real possibility.
ANZ got lucky releasing their result which was terrible when the Bulls were still running, NAB protected somewhat with the cap raise. CBA will update the market in mid May.
So onto WBC, this is probably the worst time to release a half yearly with what looks like a sell off week ahead. I'd say WBC will test $13-$14 this week and further weakness when CBA report during the 2nd week in May.
I agree that the banks share prices have been cushioned over the last month more realistic prices would be in the $11-$13 range for NAB, ANZ & WBC. Don't discount the Aussie economy bouncing back quickly and hence total capitulation may be avoided as states reopen.
The Aussie market has not run as hard as say the US (DOW, S&P &...
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Last
$29.54 |
Change
0.240(0.82%) |
Mkt cap ! $102.0B | |||
| Open | High | Low | Value | Volume |
| $29.65 | $29.72 | $29.39 | $143.7M | 5.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2509 | $32.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.59 | 5550 | 1 |
View Market Depth
| Last trade - 15.59pm 16/08/2024 (20 minute delay) ? |
| WBC (ASX) Chart |