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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(20min delay)
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Last
$28.78 |
Change
0.190(0.66%) |
Mkt cap ! $86.55B |
Open | High | Low | Value | Volume |
$28.59 | $28.85 | $28.59 | $154.2M | 5.364M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7500 | $28.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.79 | 41676 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7500 | 28.700 |
1 | 174 | 28.680 |
1 | 9790 | 28.670 |
3 | 34339 | 28.650 |
1 | 5547 | 28.640 |
Price($) | Vol. | No. |
---|---|---|
28.790 | 13790 | 2 |
28.800 | 1550 | 2 |
28.810 | 36412 | 3 |
28.820 | 1325 | 3 |
28.830 | 33339 | 2 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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|||||
Last
$28.73 |
  |
Change
0.190 ( 0.41 %) |
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Open | High | Low | Volume | ||
$28.60 | $28.84 | $28.60 | 719621 | ||
Last updated 15.59pm 05/06/2024 ? |
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