Yesterday's price action looked very similar to 7-Feb. Difference being that volume was light and we did not close on the daily highs.
Seems the banks bounced on news of the government delaying the first payment of its A$6.2 billion bank tax by three months and decided to exclude some liabilities from the levy. Silver lining? Grasping at straws more like.
Dead cat bounce. Still bearish.
Senior Health and Fitness Wednesday, page-6
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Last
8,150.0 |
Change
-55.200(0.67%) |
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| Open | High | Low |
| 8,205.2 | 8,205.2 | 8,107.6 |
| XJO (ASX) Chart |