Looking for an open above $20.30 on Monday and a close above $20.77 by next Friday, without any dip below $19.90 during the week to confirm the hammer signal. A nice long white candle would be preferable but that's unlikely in this market. Shorter term traders should use $19.90 as the stop loss, whereas longer term unleveraged investors might want to use $18.82. Given the state of the market a long pick has its risks, but short positions also become more risky as the bear market progresses, as a sharp rally from oversold becoems more and more likely. Essentially, this is a good long to balance out what might be an overweight short portfolio for traders.
Looking for an open above $20.30 on Monday and a close above...
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Last
$27.23 |
Change
0.140(0.52%) |
Mkt cap ! $94.47B | |||
| Open | High | Low | Value | Volume |
| $27.29 | $27.40 | $27.10 | $138.8M | 5.101M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4602 | $27.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.23 | 50657 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WBC (ASX) Chart |