NAB looks primed to push up out of the current consolidation

Potential Buy Alert

NAB – National Australia Bank Limited

Stock : NAB – National Australia Bank Limited

Current Price : 30.32

Status : On watch for higher low out of consolidation

NAB has been holding below the 30.50 resistance zone for a while now and is showing signs of holding higher lows for a move up. We are watching now for a push up through 30.50 and then contraction to build the higher lows for evidence that buyers are stepping in to soak up selling pressure. From there its all about the buy entry setup.