NAB 0.14% $34.64 national australia bank limited

NAB Chart

  1. 1,050 Posts.
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    I see people here talking about NAB going lower. This may be and $27's may be the final resting place but it wont go down in a straight line as it has been.

    Looking at the chart and some of the indicators, I feel the move down has been too sharp and is currently oversold. A bounce is overdue and is coming in the next 1-2 days.

    It might go lower in the next few weeks, but based on Thursday's (long tail doji) and Friday's candle (supported above 29.68), we are at the bottom now (for a bounce).

    The banks did not respond to 2 consecutive green days in the US last week. The banks want to go up when US is flat or when US is down. And on Friday, we had a flat US.

    The minimum bounce target: Very easily $30.40, then $30.70. Then around $31.00.

    So, we are looking at around 5% from the low of $29.56 last week.

    There is $1 in this baby right here. Buy Qty 10,000 and walk away with 10k in 3 days.

    I'd buy it Monday morning on the weak open.

    My opinion only by the way.

    NAB.jpg
 
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Last
$34.64
Change
-0.050(0.14%)
Mkt cap ! $107.5B
Open High Low Value Volume
$34.85 $34.92 $34.51 $138.5M 3.996M

Buyers (Bids)

No. Vol. Price($)
2 8000 $34.60
 

Sellers (Offers)

Price($) Vol. No.
$34.70 437 2
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$34.65
  Change
-0.050 ( 0.02 %)
Open High Low Volume
$34.81 $34.91 $34.51 521712
Last updated 15.59pm 29/03/2024 ?
NAB (ASX) Chart
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