Banks on the move. NAB
The daily chart of NAB is building a bullish pattern in the form of a flag.
With the recent weakness in the banking sector now behind us the banking stocks are now showing some technical recovery.
The Chart below is case in point with the RSI rising over the “50″ level while the price has been declining into the flag pattern.
Also notice the CCI has not confirmed the momentum breakout.
Stops at $29.36!