Planet Wealth - Australian Stock Market Education » NAB Downtrend http://planetwealthblog.com.au We are a stockmarket investment company that educates people on the strategies we use to create both income and capital growth. Sat, 31 Mar 2012 00:21:23 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 NAB Downtrend http://planetwealthblog.com.au/nab-downtrend/ http://planetwealthblog.com.au/nab-downtrend/#comments Tue, 10 Mar 2009 12:22:13 +0000 Planet Wealth http://planetwealthblog.com.au/?p=377
NAB Downtrend

Since the beginning of the fall of the XAO in late 2007, many stocks have been back to lows not seen for quite some time.

Today NAB clearly broke through a weekly support level with a bounce off a downtrend channel top, with increased volume. The weekly chart show there is no significant support to hold the stock up, before $14.50. The last time NAB saw this low was 1997.

090309 nab 13 NAB Downtrend

090309 nab 2 NAB Downtrend

Visit our live trading room to increase your trading results: Click Here

]]> http://planetwealthblog.com.au/nab-downtrend/feed/ 0