WBC 0.38% $26.10 westpac banking corporation

Protecting the LT trendline so it doesn't fail. Well thats my...

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    Protecting the LT trendline so it doesn't fail. Well thats my take on it.

    WBC was down 43c when i went to the shops, now up 12c, a good strong move. The RSI is approaching oversold region now, so i assume the trendline will be protected and bought there (value hunters).

    Its up $4 over the last 8 years at this point also. Rising rates will effect mums and dads, but protect their bottom line.

    Lots of reasons for the word protection in my statement, just couldn't be bothered writing all this out

    CK
 
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