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What’s MM opinion on Westpac (WBC)

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Question asked 19/02/2022

What’s MM opinion on Westpac (WBC)

You have not commented on the reason for WESTPAC falling relatively much more than the other banks yesterday. Ross

Answer

Hi Ross,

We touched on the movement in the banks / Westpac on Thursday morning, they are moving both up and down on apparent relatively large order flow. WBC has predominantly enjoyed the buying side of the equation over the last 3-weeks and I believe the move you are referring to is no more than a little profit taking in the midst of a strong bullish rally i.e. from $20 to $24 in under 4-weeks.

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Westpac Bank (WBC)

LAST UPDATED 18/02/2022 15:42

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