NAB – Algo Sell Signal Update

NAB was removed from our ASX 50 model portfolio following the Algo Engine sell signal on 27th February at $30.64.

The chart below perfectly illustrates the negative price action  following the recent sell signal.

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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks