NAB 6.32% $15.12 national australia bank limited

double top ... t/a working a treat

  1. 5,816 Posts.
    Hmmm... the Market has been driven by what seems such a long time purely on the next 'hysterical news' item that both fundies and techies were thinking of ditching their respective tool boxes ...

    Chart patterns and indicators were being constantly overidden by negative anns that seemed endless.

    Have been struggling in the recent past to apply and believe my own methodology ... noting that these are quietly surfacing again now that the din of (largely US led) negative anns is abating ...

    Not speculating on the bigger picture as to what and when ... merely noting that for T/A afficianado's there seems to be some good news ... it is working again.

    NAB is a good example having formed a nice little double-top and reversed having triggered the RSI as confirmation providing a quick SHORT trade.

    We liked NAB8K at $0.77 and last at $1.34 which no doubt will be stopped out come Monday .. but that is fine ... short-term trades are the go at the moment.

    Chart looks like this ...


    Cheers ... tight stops.


    This is only my view ... read the red stuff.
 
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Last
$15.12
Change
-1.020(6.32%)
Mkt cap ! $45.12B
Open High Low Value Volume
$16.50 $16.69 $15.12 $324.4M 18.96M

Buyers (Bids)

No. Vol. Price($)
1 4803 $15.12
 

Sellers (Offers)

Price($) Vol. No.
$15.20 87 1
View Market Depth
Last trade - 16.10pm 27/03/2020 (20 minute delay) ?
(live)
Last
$15.32
  Change
-1.020 ( 4.53 %)
Open High Low Volume
$16.54 $16.69 $15.21 1053740
Last updated 15.59pm 27/03/2020 (live) ?
NAB (ASX) Chart
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