SLE304, i couldnt agree more.
"I believe with the Asian expansion ANZ is looking more favourable to overseas investors as it becomes better known to them. Therefore you will see more accumulating by bots on behalf of these investors IMHO."
Even if Asian economies start raising interest rates to slow their expansion, ANZ will still be an attractive investment for overseas investors.
The latest Support level is around 23.57, and Resistance is 25.25.
SHORT TERM COMMENTARY
The price is ascending at a quick rate. Watch out for retracements under 23.3055 which can be considered as bearish trend exaggerations and would set the stock as an interesting buying opportunity.
MEDIUM TERM COMMENTARY
Medium term price trend Australia & New Zealand Banking Group is still bullish this week. This market keeps a relative behavior greater 4.5327 than MSCI-AUSTRALIA. Volatility has been decreasing during last month. Be alert to the proximity of support 23.57, and a possible rebound from this level.
buying depth pattern, page-8
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Last
$31.66 |
Change
0.390(1.25%) |
Mkt cap ! $93.12B | |||
| Open | High | Low | Value | Volume |
| $31.75 | $31.83 | $31.58 | $19.58M | 616.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1646 | $31.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $31.68 | 3568 | 10 |
View Market Depth
| Last trade - 10.20am 07/11/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |