weekend charting 9-10/7, page-113

  1. 581 Posts.
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    Hi everyone, love the charts. Appreciate some views on ANZ if you get a chance. Looks to me like it has just breached a longer term resistence line @ $21. It also appears to me that it has been in accumulation mode since 23rd May at prices between $21 and $21.70ish until last few days when it pushed lower again. There has been a lot of supply around and maybe, it is taking time to accumulate sufficient to dry up liquidity. This morning, 1M units changed hands in about 20 mins, SP recovered, then pushed lower again to breach the $21 resistence. I am not really sure where to from here....but the SM are probably averaged @ approx. $21-50ish at this point and will want to make a spread at some point in the future. Thanks in advance, cheers.
 
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