Hi, everyone.
Looking at the timeframe of 30 minutes and 1 hour we can see that NAB crossed the EMA200 with upward movement after almost one month trading below that line. We know how that indicator is interesting to know the way that the stock can go. Let's wait for next week to see if the bull market for NAB will start over or will just sink again and keep trading at this congestion (purple rectangle) how it shows in the chart.
NAB performed very well today pushed by the announcement from the Federal Treasurer Josh Frydenberg that "New laws make it easier for Aussies to access credit."
Looking at the timeframe of 30 minutes and 1 hour we can see that NAB crossed the EMA200 with upward movement after almost one month trading below that line. We know how that indicator is interesting to know the way that the stock can go. Let's wait for next week to see if the bull market for NAB will start over or will just sink again and keep trading at this congestion (purple rectangle) how it shows in the chart.
NAB performed very well today pushed by the announcement from the Federal Treasurer Josh Frydenberg that "New laws make it easier for Aussies to access credit."