Current price: 34.80
Key point: 35.60
Our preferred direction: sell positions below the 35.60 levels, targeting 32.85 as the first target, then 30.85 as the second target.
Alternative scenario: stop loss and change the trend by breaking the 35.60 level, targeting 36.50 levels
Technical commentary
National Bank stock, code number 1180, is moving in a downward direction on the daily time frame below the downward trend line from the peak of May last year.
The stock also fell from the resistance levels 35.60-36.45 with a 200-day moving average.
The decline is expected to continue until the next support levels of 32.85, then 30.85
