WBC trade ideas
Just a predictionI am not a professional, Just a prediction ;) , hoping for a shoot up, it is heavily dependent on how the COVID-19 situation is subsiding in the near future.
WESTPAC my god.... short the banks and all that WBCAUDwestpac bank has been completely gutted buy the covid19 mania.... literally feels like 2002 out here ........... gonna catch a long on this soon but no indication of reversal yet
More downside for Westpac $WBCWestpac getting close to a critical level and if we go below the yellow line,
we could assume that was a dead cat bounce and Westpac is heading back sub $24.
WBC @ critical levelWBC close to break down.
will support hold @ $23?
chart looks bearish. (2 week chart)
when the banks roll over... time to buy BBOZ ETF
WBC and NAB prices back into demand zone, HTF and LTF stacked demands. Both charts have same price structure though WBC is clearest. l'm tending towards buy side although no final confirmation PA yet so standing by. fomo sellers/ stoplosses are triggering , l'm looking for discount buys down here while worlds selling and running for the hills.
WBC heading towards 23 levelsWestpac share might head towards the recent lows of 23$. I am not touching it before it bounces and closes above 0.238 fib. As of now the momentum is downwards. I will update again once i see trend reversed.
WBC FY Net Profit A$6.78 Bln, Down 16%; expect downward pressureWestpac shares are expected to face downward pressure in today's opening session following the unsatisfactory 2019 financial results, which saw net profit down by 16%.
Expect to see some challenges at around 27.75, 27.65, and 27.50
profit target zone for WBCWBC has had a nice rally upwards after hitting support but now we see a big hurdle for WBC which is the .618 fib zone.
Downward pressure on WBC next week?My swing weekly swing trading prediction - purely looking at charts
WBC - short to medium term share price forecastShare prices had a short burst to the upside from 27.00 to the 30.00 mark but stalled and pushed back down after failing to break above Its 500 EMA and the price curve labelled in blue.
Share prices also fell out of the wedge price pattern which is a strong indication of prices could be heading down to the bottom of the price curve marked in blue and also a support trend line in red. These two support points are around 29.18 and 28.83.
Share prices will need to break and hold above 30.00 before we could confirm a change of price direction to the upside
WBC.ASX - Short to Medium Term Price ForecastThis is a followup of my price callout in my live trading room in yesterdays trading session Shere prices breached 28.75 resistance to the upside and closed around 29.15 resistance. A break above the current resistance could see share price continue to 29.30-29.65
WBC on Long Term Trend WBC on Trend Line could bounce off this and go Up .. If It breaks this Trend Line its all Down from Here This Trend line is what to watch for
$WBC Westpac LT H&S forming but ST near completion$WBC Westpac LT H&S forming but ST near completion. Risk of spiral down
