Sonmething for you to consider.
I can't see ANZ going back to $30 within months. The SP was at $30ish only for a few weeks.
Bank as a sector is very weak and there is no sign the bottom is reached. Many said they will buy at the bottom, but IMO one can only tell a bottom in hindsight.
The market as a whole is bearish, and would put further downward pressure on all stocks. Banks get a double whack, from a weak sector and a bearish market.
IMO, the biggest risk are the off balance sheet items (some call them the bulls##t items). We don't really know what these items are. In a bearish market, this bs items make banks a huge risk.
Come June (2+ months away) and if the market remains as it is, we would see a lot of tax loss selling to offset massive gains many would have made from resource stocks.
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Last
$30.14 |
Change
0.170(0.57%) |
Mkt cap ! $90.78B |
Open | High | Low | Value | Volume |
$30.10 | $30.23 | $29.94 | $57.08M | 1.895M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 765 | $30.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$30.15 | 2380 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 1981 | 30.150 |
16 | 10962 | 30.140 |
12 | 3108 | 30.130 |
8 | 4100 | 30.120 |
7 | 2778 | 30.110 |
Price($) | Vol. | No. |
---|---|---|
30.160 | 1487 | 5 |
30.170 | 4221 | 11 |
30.180 | 3388 | 8 |
30.190 | 23525 | 12 |
30.200 | 10796 | 14 |
Last trade - 11.10am 18/07/2024 (20 minute delay) ? |
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ANZ (ASX) Chart |