BANKS, don't bank on them

  1. 1,356 Posts.
    Banks for the entire month have traded below their quarterly 50% levels.

    New month starts on monday and those 20 day lows are creeping up on most Banks. Since the rally began over 3 weeks ago, NAB and ANZ haven't closed below their 3 day trailing lows, CBA did because of its div and WBC is the lagging one atm.

    Something to keep an eye on those 3 day lows.

    New monthly 50% levels
    ANZ 18.35
    CBA 31.08
    NAB 34.45
    WBC 15.20.

    not keen on banks below those ratios in the coming month.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.