1. Most Discussed
  2. Gainers & Losers
BANKS 0.0¢

- nasty developments..

  1. AlphaCenturian

    10,543 Posts.
    Three of the four banks have several interesting breaks showing today.

    Firstly, the one that does not - the CBA is despeerately hanging onto a shortterm retracement at $30.30 though it has broken this on intraday. Of the four it seems to have the most resilience imo to provide a possible short term rise...

    Of the others, NAB and WBC have both broken retracement and now have the potential of long falls in front of them chartwise.

    The ANZ which has been levitating - apparently unaffected by the carnage all around - has imo given a hint that it may be commencing a run down with todays intraday low marking a - so far - short term lowere low.

    Any other opinions out there.

    Disclaimer - I hold no bank stocks at the moment.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.