Nice harami on the weekly chart after a long black candle. Its been a reliable bottoming pattern for a number of hard tanking stocks recently (AZA, SEK etc)
Big four banks look set for a bit more pain, but financials in US are recovering, even as everything else slides.
Expect a return to close to the $5 mark at some point during the week, which would be a great time to load up. the stop loss is any breach of the $4.70 level. Probable best pickup is $5.25.
BNB
babcock & brown limited
Nice harami on the weekly chart after a long black candle. Its...
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