"The logical inference from this is that the $19.38 lows in ANZ will not be violated until after the new highs are in in the US. This does not mean ANZ has to hit new highs just that the recent lows will not be violated yet."
Well its on $20 support Tuesday. Reckon there will be a bounce for a wee bit longer, so it can gather some strength for the ultimate challenge of the $19.38 low in the next week or so. The chart looks like it wants to test this low...to see whether the strong hands are there or not...all moving averages heading south...and not any where near oversold...looks bad folks.
If we get a close below $19.38, the longs will trigger their stops, and its a $4 drop to next support.
Turbulent times ahead for this bank, as I have been warning for the last month.
anz counter party write down alert part 2, page-14
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Last
$31.79 |
Change
0.540(1.73%) |
Mkt cap ! $95.05B | |||
| Open | High | Low | Value | Volume |
| $31.17 | $31.88 | $31.17 | $198.3M | 6.264M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10641 | $31.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.79 | 3000 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |