The banks have been smashed since the pandemic started but apparently one of them is preparing to fly higher. That is ASX:NAB bank, from the technical analysis it is showing a promising chart pattern.
From the chart, we can draw a cup and handle formation that has been forming for weeks. Besides the stock has crossed its 200MA after being glued to it for almost 2 weeks and suddenly jumped on a higher volume.
These factors allow us to speculate that this stock is poised to go play in the bulls league.
Although RSI is a bit overbought but from other technicals this stock looks great and it can be lucrative for next few days if not months.
I will keep you updated of all the movements this stock play. Stay safe and have profitable trades.
XTF
From the chart, we can draw a cup and handle formation that has been forming for weeks. Besides the stock has crossed its 200MA after being glued to it for almost 2 weeks and suddenly jumped on a higher volume.
These factors allow us to speculate that this stock is poised to go play in the bulls league.
Although RSI is a bit overbought but from other technicals this stock looks great and it can be lucrative for next few days if not months.
I will keep you updated of all the movements this stock play. Stay safe and have profitable trades.
XTF