If you look at NAB the 5min chart of NAB today you will see what I mean about the 50% level of todays range which is 33.80.
You can see where the market comes back to that level hits bounces off it several times today and could not hold above it and has now come back down to a double bottom.
I think NAB will head down and then on the 23/5 head back up, it will probably hit somewhere around $32.30 to $33-00 before heading back up.
There is some good support at $33-00
ABS Price at posting:
0.0¢ Sentiment: None Disclosure: Held
