ANZ|Emerging Buy
Trading Tactics
Open a few longs only with an upside break above 30.00/10 placing stops at 29.60 and looking for a move to 31.20.
Rationale
Pattern recognition and wave count trade. A confirmed break above 30.10/25 implies a move to 31.20 which should be followed by a pull back to 29.00. The break will most likely occur in the next few days and would take around 5 days to achieve the upside target. I am assuming this pattern is a 4th wave which implies a 5th wave higher before a decent pull back to around 29.00.
source - fwtc.com.au
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Last
$27.81 |
Change
-0.065(0.23%) |
Mkt cap ! $83.59B |
Open | High | Low | Value | Volume |
$27.67 | $27.90 | $27.56 | $43.74M | 1.571M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1493 | $27.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.81 | 4255 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1079 | 27.800 |
17 | 5878 | 27.790 |
10 | 5030 | 27.780 |
15 | 5679 | 27.770 |
11 | 5060 | 27.760 |
Price($) | Vol. | No. |
---|---|---|
27.810 | 4203 | 17 |
27.820 | 6323 | 24 |
27.830 | 4960 | 15 |
27.840 | 3693 | 7 |
27.850 | 10179 | 8 |
Last trade - 12.45pm 30/05/2024 (20 minute delay) ? |
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Last
$27.82 |
  |
Change
-0.065 ( 0.50 %) |
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Open | High | Low | Volume | ||
$27.68 | $27.90 | $27.56 | 307949 | ||
Last updated 13.03pm 30/05/2024 ? |
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