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
$28.87 |
Change
0.090(0.31%) |
Mkt cap ! $86.85B |
Open | High | Low | Value | Volume |
$28.96 | $29.06 | $28.86 | $36.98M | 1.276M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 4768 | $28.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$28.88 | 5697 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 4333 | 28.870 |
13 | 6464 | 28.860 |
9 | 5592 | 28.850 |
6 | 4152 | 28.840 |
9 | 6867 | 28.830 |
Price($) | Vol. | No. |
---|---|---|
28.880 | 6398 | 5 |
28.890 | 6373 | 14 |
28.900 | 3933 | 10 |
28.910 | 5871 | 11 |
28.920 | 6261 | 9 |
Last trade - 10.54am 06/06/2024 (20 minute delay) ? |
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Last
$28.88 |
  |
Change
0.090 ( 0.53 %) |
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Open | High | Low | Volume | ||
$28.95 | $29.07 | $28.86 | 177996 | ||
Last updated 11.15am 06/06/2024 ? |
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