My fellow traders..for those that a long banks...u might be in for a rude awakening...a massive broadening formation has formed on the bank index...HUGE i should say...fridays bounce was due to the bottom trendline being touched ...what will occur next martis? u ask...Well fellas allow me to answer it for u...the bank index should rise atleast 300 points from current levels..meaning the bank stocks could rise a little..from current levels....the downside potential..is 1500 points...yes thats right..1500 points...The banks will be the worse performers this year by a long shot....big bucks can be made if u can time the short correctly..my advice is to wait a little as the banks rise slightly 1 dollar or so and then hammer them...because once index retests 6000...its all over for the pillars.
massive broadening formation on the bank index
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Last
$60.00 |
Change
0.520(0.87%) |
Mkt cap ! $11.63B | |||
| Open | High | Low | Value | Volume |
| $59.54 | $60.22 | $59.50 | $25.48M | 424.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 600 | $59.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $60.01 | 288 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ASX (ASX) Chart |