XJO 0.86% 7,829.7 s&p/asx 200

ANZAnother stock i am watching is ANZ.Although not as pretty...

  1. 178 Posts.
    ANZ

    Another stock i am watching is ANZ.

    Although not as pretty looking, I am working the same idea of a 5 wave advance from the June 2013 lows.

    It looks like it still needs a small dip then new high.

    A move back under the blue line around $31.50 will suggest a reversal.

    So thats 3 of the top 5 XJO stocks appearing to have what i think its a 5 wave advance close to ending.

    Ironically they are financial stocks.

    So if i am correct, then after a 5 wave move is completed we should see a reversal.

    From the charts i posted above, it seems they are in sync and working the same idea of a 5 wave move from June 2013 lows.

    So I will wait for the pieces to fit together.

 
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