National Australia Bank

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National Australia Bank (NAB): Dark Cloud Cover short-term pattern has been confirmed

[BEARISH]: National Australia Bank has formed a new bearish Dark Cloud Cover reversal pattern. This means, NAB has been in a short term uptrend with a white candle which is followed by a strong gap up on open but closes in the lower half of the previous candle. This indicates after a very strong open the bears have taken control on the close and highlights a potential trend change in the downward direction.

Daily trading performance for NAB has continued a short term uptrend

Daily trading performance for NAB has continued a short term uptrend

[BULLISH]: National Australia Bankbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for NAB adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 7.9 & the greatest daily positive change this year has been 4397.3. The longest consecutive upswing rally over the last 12 months has been 7 days giving a total rally upward movement of 4399.2%. This quarter, the largest upswing rally has been 7 days giving a total rally upward movement of 4399.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.8x. Over the last month the average daily upward movement has been 3.200000%

Daily trading for NAB indicated buyers are still in control

[BULLISH]: National Australia Bank buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for National Australia Bank adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 4 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 26.7%. Currently this quarter, closing price has spent 4 days in the upper price range compared to 2 days in the lower range giving a ratio of 2x.

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