It was announced today that BOQ and SUN will be forced to send executives to face questioning from the royal commission when hearings resume later this month.
According to Kenneth Hayne, the line of questioning will focus on lending practices to small businesses over the last 10 years, many of which were tipped into default.
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Our ALGO engine triggered a sell signal in SUN on November 9th at $14.20. Since then the stock has traded as low as $12.60 and is now back in the sell-zone near $14.20.
BOQ shares pushed against resistance at the $10.50 level last week and we have a medium-term downside target of $9.60.
BOQ
Suncorp
