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
$27.87 |
Change
-0.700(2.45%) |
Mkt cap ! $83.81B |
Open | High | Low | Value | Volume |
$28.30 | $28.36 | $27.86 | $142.4M | 5.095M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 12268 | $27.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.87 | 60305 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 12268 | 27.860 |
16 | 6685 | 27.850 |
7 | 30719 | 27.840 |
2 | 14915 | 27.830 |
3 | 5008 | 27.820 |
Price($) | Vol. | No. |
---|---|---|
27.900 | 502 | 1 |
27.910 | 12234 | 1 |
27.940 | 12411 | 1 |
27.960 | 11024 | 1 |
27.990 | 730 | 1 |
Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$27.95 |
  |
Change
-0.700 ( 2.19 %) |
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Open | High | Low | Volume | ||
$28.30 | $28.34 | $27.86 | 775088 | ||
Last updated 15.59pm 29/05/2024 ? |
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