WBC 0.51% $25.75 westpac banking corporation

charts and comments: acouch etc, page-5

  1. 1,459 Posts.
    LABBS,

    People have been shorting WBC constantly during this rally (Myself included). Some even sold it as "taking candy from a baby". Technically WBC is breaking quite a few trading systems. I gave up shorting a few weeks ago and am going long (via WBCWOA) until WBC reports.

    Why?
    1) ANZ has released its H1 results. Not outstanding but the market doesn't care.
    2) NAB has pre-released lower end of expectations plus 50+ million problem with a bus company. But the market doesn't care.
    3) WBC yet to report but is "market favorite" as of late.

    All this can change in a flash but with a continued rally in the US markets (Remember, the stockmarket always turns around before the economy does) and "fairies at the bottom of the garden attitude" towards the banks, I’ve given up shorting this one.

    Good luck and as rem says “tight stops”.
 
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Last
$25.75
Change
0.130(0.51%)
Mkt cap ! $93.00B
Open High Low Value Volume
$25.65 $25.79 $25.59 $180.1M 7.001M

Buyers (Bids)

No. Vol. Price($)
3 3887 $25.74
 

Sellers (Offers)

Price($) Vol. No.
$25.76 5502 3
View Market Depth
Last trade - 16.10pm 18/02/2020 (20 minute delay) ?
(live)
Last
$25.75
  Change
0.130 ( 0.60 %)
Open High Low Volume
$25.66 $25.79 $25.60 903515
Last updated 15.59pm 18/02/2020 (live) ?
WBC (ASX) Chart
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