Consensus is the market in AUS is going ahead for 21. With that in mind, If the XJO is going to keep on keeping on the banks are going to have to get bullish. With an obvious bull flag in the NAB chart it may be worth a punt.
Technicals - Bullish Flag, enter on bullish candle breakout.
Fundamentals - Housing in Australia is picking up again. Talk of the leveraged play being back in favour for investors (AFR). Low rates + retirees looking for yield.
Technicals - Bullish Flag, enter on bullish candle breakout.
Fundamentals - Housing in Australia is picking up again. Talk of the leveraged play being back in favour for investors (AFR). Low rates + retirees looking for yield.