BANKS banks and financial institutions

BANKS - lets see NOW

  1. 1,577 Posts.
    Subject asx - BANKS ( 311 reads - 20 replies )
    Posted 17/05/02 10:34
    Member michaelmou


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    next week will be a great week for this sector......my daily charts are all signalling a BUY.

    ANZ paid divvy today (39c)...so ignore the drop.
    NAB - buy back has commenced.
    WBC - buy back commencing next week.
    CBA - has bounced of support.
    MBL - has run $2 last 2 days.

    they have all been consolidating the last couple of weeks and should bounce as early as today or beginning of next week.



    LETS SEE NOW:
    28th MAY 2002.....7 trading days from the above post!

    ANZ was 18.93 now 19.02 ... UP 9c
    NAB was 35.39 now 36.19 ... UP 80c
    WBC was 15.99 now 16.44 ... UP 45c
    CBA was 32.13 now 33.07 ... UP 94c
    MBL was 31.90 now 31.83 ... DOWN 7c

    I think there have been some good gains here for a 2-3 week play......
 
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