The depth of the pattern between the last double top and triple bottom is around $4.50
If it trades below the triple bottom with an unsuccessful retest of the triple bottom resistance, then the ultimate target becomes (roughly) $19.50 - $4.50 = $15.
At that point it would be screaming long term buy. However, a word of caution, I would suggest at that time this bank may be looking at a rights issue to shore up its balance sheet, so could trade below $15 until rights issue is completed.
A rights issue would be at a discount to market...say 10%...giving a $13.50 strike price.
The depth of the pattern between the last double top and triple...
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Last
$29.19 |
Change
0.460(1.60%) |
Mkt cap ! $87.58B | |||
| Open | High | Low | Value | Volume |
| $28.87 | $29.37 | $28.77 | $152.5M | 5.224M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 104 | $29.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.19 | 12875 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| ANZ (ASX) Chart |