Todays Price action points to some potentially very negative movements.
A head and shoulders pattern developing over the last 5 months, has been broken. LS 7/4 H 17/6 RS 11/8, these are the key dates for the highs. Todays price move has broken the neckline and co-incidently closed below the 200 day M.A. which is a key indicator for fund managers. O.B.V has fallen to the lowest level in almost two years. A price close below the lower bollinger band with increased volume and volatility also confirms softer prices ahead.
If the break is true, then a price target of $29 should be achievable which is also a long term support area.
Notably $31 is also another area of support that needs to be overcome first. I will be shorting on Wednesday with a stop close above 200 day M. A.
If anyone wants to tell/show me how to paste charts on HC then those who don't know what I'm talking about might get a better Idea.
Just my Ideas, do your own work, and trade smart.
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Last
$26.79 |
Change
-0.040(0.15%) |
Mkt cap ! $88.36B |
Open | High | Low | Value | Volume |
$26.94 | $26.95 | $26.66 | $175.3M | 6.551M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6962 | $26.79 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.80 | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6962 | 26.790 |
1 | 1801 | 26.770 |
1 | 3100 | 26.760 |
4 | 16358 | 26.750 |
3 | 50044 | 26.740 |
Price($) | Vol. | No. |
---|---|---|
26.800 | 3000 | 1 |
26.810 | 19090 | 1 |
26.820 | 47232 | 4 |
26.830 | 11216 | 2 |
26.840 | 83541 | 5 |
Last trade - 16.10pm 13/04/2021 (20 minute delay) ? |
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Last
$26.79 |
  |
Change
-0.040 ( 0.09 %) |
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Open | High | Low | Volume | ||
$26.93 | $26.95 | $26.66 | 847049 | ||
Last updated 15.59pm 13/04/2021 (live) ? |
NAB (ASX) Chart |