My fellow traders..for those that a long banks...u might be in for a rude awakening...a massive broadening formation has formed on the bank index...HUGE i should say...fridays bounce was due to the bottom trendline being touched ...what will occur next martis? u ask...Well fellas allow me to answer it for u...the bank index should rise atleast 300 points from current levels..meaning the bank stocks could rise a little..from current levels....the downside potential..is 1500 points...yes thats right..1500 points...The banks will be the worse performers this year by a long shot....big bucks can be made if u can time the short correctly..my advice is to wait a little as the banks rise slightly 1 dollar or so and then hammer them...because once index retests 6000...its all over for the pillars.
massive broadening formation on the bank index
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ASX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$64.41 |
Change
1.000(1.58%) |
Mkt cap ! $12.48B | |||
| Open | High | Low | Value | Volume |
| $63.49 | $64.41 | $63.39 | $28.91M | 451.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18000 | $64.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.43 | 629 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |