Oz Rider
Mongo is just about guaranteed 100% right in his assessment. If your bailing then the big boys have won and the turning point is near maybe very near.
Advent a poster I respect has a fair appraisal of the situation imo. A potential mid December rally coming his words.
Its really a no brainer. Banks such as WBC NAB and ANZ have all gone x-divi. 80%+ of the time banks always come off after this event. However the market runs lower from that point until catching its breath ready to run up (potentially slowly) into the date of receipt of divi cheque upon then making it more expensive for those who opted for this payment or DRP plan.
So if i was you I would hold off selling any more bank shares and go to the charts area of HC and ask for some charts and opinions to get some fresh ideas. Esp ask for NAB as they have formed a nice gap down that just begs to be filled and imo that will be done before New Year.
As always DYOR
BDZ ;))
support, page-29
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Last
$142.09 |
Change
-0.660(0.46%) |
Mkt cap ! $237.7B | |||
| Open | High | Low | Value | Volume |
| $141.65 | $142.22 | $140.40 | $206.5M | 1.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2392 | $142.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $142.19 | 500 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |