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.
- Forums
- ASX - By Stock
- NAB
- NAB Chart
NAB Chart
- There are more pages in this discussion • 90 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NAB (ASX) to my watchlist
(20min delay)
|
|||||
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. |
---|---|---|
$34.70 | 437 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8000 | 34.600 |
1 | 1447 | 34.510 |
9 | 3361 | 34.500 |
1 | 1000 | 34.450 |
1 | 1500 | 34.410 |
Price($) | Vol. | No. |
---|---|---|
34.700 | 437 | 2 |
34.720 | 2700 | 3 |
34.740 | 1500 | 1 |
34.750 | 9855 | 4 |
34.800 | 614 | 3 |
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 ? |
Featured News
NAB (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online