Buy... just not yet. Wait for the bottom of this cycle and then I think banks are going to rebound solidly in the coming quarters. Expecting a further week of retrace from here, maybe two, then i'll start looking at my next swing entry. We're/the market is overdue due for a consolidation.
Here's a chart on the monthly candle. Viewing SP at this interval makes future momentum much more predictable. Cross over of the MACD is typically the most fruitful time to get in.
I'd say $30 is a safe bet in coming quarters, but we probably want to see $25 in coming days first.
Buy... just not yet. Wait for the bottom of this cycle and then...
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Last
$28.65 |
Change
0.140(0.49%) |
Mkt cap ! $86.21B | |||
| Open | High | Low | Value | Volume |
| $28.46 | $28.67 | $28.39 | $91.11M | 3.185M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1426 | $28.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.65 | 43973 | 8 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |