NABZY OTC MARKETS
National Australia Bank
SELL
Close
12.53
Prev.Close
12.75
Change
-0.2200
Change%
-1.73%
BEARISH BELT HOLD
Sold at
12.53
Open
12.62
High
12.69
Low
12.13
Close
12.53
 
0.00%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to SELL. The BEARISH BELT HOLD pattern has finally received confirmation because the prices crossed below the confirmation level at 12.61, and our valid average selling price now stands at 12.53. The previous BUY signal was issued on 05/27/2025, 24 days ago, when the stock price was 12.35. Since then, NABZY has risen by +1.45%.
Market Outlook
We may be at a market top or at the beginning of a correction. The market has lost momentum, and traders are now more aligned in their bearish outlook. The compelling evidence suggests it's prudent to consider closing long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to act on the signal, and then you can begin evaluating other securities for a potential bullish bet.
Pattern Description
The Bearish Belt Hold is a single candlestick pattern, essentially a Black Opening Marubozu, that occurs in an uptrend. It opens at the day’s high, and then prices begin to fall during the day against the overall market trend, eventually closing near the day’s low, leaving a small shadow at the bottom of the candle. Longer bodies in the Belt Hold pattern indicate stronger resistance against the trend. more...
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