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
ANZ|Emerging BuyTrading TacticsOpen a few longs only with an...
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Last
$29.09 |
Change
0.310(1.08%) |
Mkt cap ! $87.44B | |||
| Open | High | Low | Value | Volume |
| $28.96 | $29.10 | $28.84 | $81.92M | 2.825M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 11537 | $29.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.09 | 3544 | 2 |
View Market Depth
| Last trade - 14.30pm 06/06/2024 (20 minute delay) ? |
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Last
$29.08 |
Change
0.310 ( 1.22 %) |
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| Open | High | Low | Volume | ||
| $28.95 | $29.13 | $28.86 | 485120 | ||
| Last updated 14.49pm 06/06/2024 ? | |||||
| ANZ (ASX) Chart |