ANZ|Emerging Buy
Trading Tactics
Open a few longs only with an upside break above 30.00/10 placing stops at 29.60 and looking for a move to 31.20.
Rationale
Pattern recognition and wave count trade. A confirmed break above 30.10/25 implies a move to 31.20 which should be followed by a pull back to 29.00. The break will most likely occur in the next few days and would take around 5 days to achieve the upside target. I am assuming this pattern is a 4th wave which implies a 5th wave higher before a decent pull back to around 29.00.
source - fwtc.com.au
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Last
$28.82 |
Change
0.225(0.79%) |
Mkt cap ! $86.52B |
Open | High | Low | Value | Volume |
$28.59 | $28.85 | $28.59 | $58.43M | 2.033M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 10255 | $28.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.82 | 12002 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 7218 | 28.830 |
30 | 15002 | 28.820 |
24 | 15772 | 28.810 |
9 | 10163 | 28.800 |
18 | 10899 | 28.790 |
Price($) | Vol. | No. |
---|---|---|
28.840 | 570 | 7 |
28.850 | 16444 | 21 |
28.860 | 11415 | 13 |
28.870 | 16012 | 11 |
28.880 | 25510 | 14 |
Last trade - 14.25pm 05/06/2024 (20 minute delay) ? |
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Last
$28.80 |
  |
Change
0.225 ( 0.65 %) |
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Open | High | Low | Volume | ||
$28.60 | $28.84 | $28.60 | 397034 | ||
Last updated 14.46pm 05/06/2024 ? |
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