Thats an awesome explanation, I thought you were trying to day trade the bumps.
IMO with NAB at 8% dividend and CBA at 5.8% dividend it would have to close the Gap in Yields.
My Charting opinion is that Banks look like taking a hit soon. Reasons, mabe tax loss sells for the next few days. Also The risk of a Labor win and a Royal Commission into banking. As thats a promise by Labor if they win the election will enforce a Royal Commission into Banking here.
Other than that the Charts on banks are all bearish structures, if the patterns continue and roll out could see NAB at 20- and CBA around 50-. But that would put you 10- up on the ratio trade.
Interesting Trade for me to keep an eye on.
Thats an awesome explanation, I thought you were trying to day...
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Last
$13.86 |
Change
-0.120(0.86%) |
Mkt cap ! $7.649B | |||
| Open | High | Low | Value | Volume |
| $14.11 | $14.16 | $13.86 | $12.08M | 868.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 13996 | $13.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.87 | 2900 | 1 |
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| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WOR (ASX) Chart |
