NAB will probably have ~10% gain after earnings report
Investors show no interest in profit-taking until NAB earnings reports are published in May. The price movement is squeezed around the pre-covid resistance level. Instead of buying NAB now, it's better to see how the market will react to the earnings report. If the ascending triangle is broken, the price will move to the next resistance level quickly. This will yield a 10% increase or 50% profit if use 1:5 margin CFD.
NAB is short term bullish, with no signs of a pattern reversal. However, consider the performance of AUS200 and US500 indexes because Australian shares quickly react to the US stock market.
Not a financial advice, just a note to myself.
NAB is short term bullish, with no signs of a pattern reversal. However, consider the performance of AUS200 and US500 indexes because Australian shares quickly react to the US stock market.
Not a financial advice, just a note to myself.
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