NAB trade ideas
NAB - Price chart analysisNAB - Price chart analysis
NAB shares pulled back in the last three sessions but bounced back at around 17.22 support. Its been fluctuating at 18.33 and 17.88 for the last couple days and I think it could head back up if it breaks and hold above 18.33
Stock of the week: ASX:NABASX:NAB has rocked this week. Is this due to some unknown fundamentals or does Technical Analysis has an answer to this? Lets analyze.
ASX:NAB has zoomed high this week And in terms of confluence we can say that other big 4 also zoomed high but for NAB i think the answer was hidden somewhere in the TA on the charts.
After ASX:NAB broke the 50MA which is inherently bullish it jumped more than 10%. On the chart you can see that the stock price was above 25LSMA and the daily velocity is positive and RSI was neutral. The only concern i have is that weekly velocity is not positive yet but it will turn positive when the price goes above 18$ again.
When it comes to opening a position, my plan was to buy when it went above the 23.6fib but I missed it out and now I am waiting for a retest of the same fib level then can think of opening a small position that will be scaled out when this stock closes above 0.382 fib.
I will keep you posted if anything changes for this stock.
Stay safe and DYOR.
Still just drawing lines and making fun colorsDefinitely don't trade this. RIP money. I'm just doing it on fake markets to learn. None of this has any sound reasoning or logic, I just think it's fun.
#NAB moving towards upper trend line#NAB has been making lower highs since its peak in 2015. Since then SP has been fallen each of the last 4 times when approaching the upper trend line. A break of the trend line with strong volume could see a bullish run to 30, 34 and 37.
NAB - expansion on the long positionNAB, further to my previous post providing a short term view on price action and identifying a channel and a base line,
Can the base line identified form a long term base position for the next 6 years as has occurred twice in the past since 2009?
NAB - End of the lineNAB is still stuck in it's channel.
This is what we know
- bond rates continue to fall overseas and locally
- RBA rate cuts continue, margins further squeezed
- AUS house prices appreciate albeit low volumes (as a result, lower total transactions)
- economy seems to be doing better
So we're at a pinch point. nothing decisive in the macro.
however, NAB's current position is that it maintains dividends. Also new CEO.
There's 2 x good reasons for SH to accumulate the stock.
I believe we'll test the top of the channel, re-test the recent low, and then break out LONG once re-approaching the channel.
LONG to $28 within 6 months
Saucy
$NAB knife edge again. Looking at a potential break of the long term uptrend. Waiting for confirmation
NAB is trading above 56 weeks high of $29.00.NAB has been rising with a gain of 26 per cent since January.
Prediction shares price target $32.95.
NAB Approaching the short zone Remember to use stop loss! NAB is approaching the zone to short so keep an eye on nab for the future.
Buy NABNAB had a massive dip to the down side forming a new month low, looks good for a buy to the upside and it has formed a bullish doji on support as well. Looking to counter trend trade on this stock.
NAB - Weekly holding on... Just. Similar to $CBA, $NAB and the other big banks are looking a bit sick. SP just inside the trend line on the weekly but need to assess on a week to week basis.
NAB breaking out from an inverted H & S pattern ? and WBC ?Having formed the inverted H & S pattern NAB is consolidating the breakout and has the potential to move higher. WBC and NAB could easily share the same chart as the price action is virtually identical. An inverted H & S pattern is not very reliable and this is not investment/financial advice.
NAB stops at 25.40 and pull back for next couple of weeks?My weekly swing prediction - purely looking at charts
Ozzie banks - bearishJust glancing at Ozzie bank charts this morning having read about ANZ bank having problems. Haven't given them that much of look but reckon they all look a bit bearish for some time yet.
$NAB 2 channels within triangle200ma resistance
red channel within red triangle
blue downward channel is the shortest term price movement
$NAB.AX has potential to bounce from here to upper end of chann$NAB.AX has potential to bounce from here to upper end of chann $NAB
NAB ASX - 1W Bearish OutlookNAB is bearish on the 1W weekly outlook.
1. TK cross bearish under cloud
2. Chikun (Lagging span) under price - bearish
3. Price under cloud - bearish
See chart for 2 intermediate support levels. If hell breaks loose, a stronger support is at $23.
NAB.ASX - Short to Medium Term Price ForecastThis is a follow up on yesterday's call out in my live trading room. Share prices breached 28.57 price point to the upside and closed the trading session around 28.87 support. We could be looking at a continuation of yesterday's run if prices can hold above 28.87 support. short to medium target is at around 29.66. Good luck
NAB.ASX - Support and resistance price targetSupport at 29.16,28.97 & 28.88, Resistance at 29.29,29.65 & 29.95
