ANZ 2.07% $28.64 anz group holdings limited

new bullish channel formed

  1. 1,724 Posts.
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    Key themes:

    Long-term support - $17.80
    Resistance - $22.20
    Short-term pullback possibility - $19

    I guess if you said the upcoming dividend was a to a degree able to offset a Greek default, that the yellow line would be a realistic price target for the short-term at $21.50. I know we are there now but it should hold barring a complete collapse in Europe - upside $22-23.

    What's clear is that the bearish trend has ended and a new bullish trend has formed.

 
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