Banks This Week

  1. 415 Posts.
    What is the view on how the big 4 are going to perform this week.

    Friday's data has been distorted to some degree due the the MSCI balancing but with WBC and NAB going ex dividend this week it would appear there may be a pull back from here greatwer than the dividend value.

    Looking at the charts ANZ has been stuck in a trading range of betwwen $19 and $19.50 for over a month now and has been struggling to break out.

    CBA, NAB and WBC are all appearing to be reaching a peak with with several indicators starting to show signs of weakness.

    No doubt there are some posters who have the view that banks are going to continue to go a lot higher and in a straight line but for those of you that realise that no stock goes straight what are your short term views.
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