Thanks Red, I've charted it up for you, here it is.
I agree that the double top looked ominous, but the Island Cluster Reversal was more recent, taking current sentiment into account. Does this not make it a more valid signal to rely on at present?
The following chart is a weekly view ANZ chart with money flow index. From what I understand, it suggests the recently signalled reversal may be sustainable.
If you can provide any further info I'd be happy to post it up - just got the EzyCharts and any excuse'll do!
Cheers
anz to rebound like a rocket , page-23
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Last
$29.30 |
Change
-0.650(2.17%) |
Mkt cap ! $87.91B | |||
| Open | High | Low | Value | Volume |
| $29.79 | $29.83 | $29.24 | $176.4M | 5.996M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10736 | $29.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.33 | 754 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |