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
$27.63 |
Change
0.110(0.40%) |
Mkt cap ! $95.77B | |||
| Open | High | Low | Value | Volume |
| $27.85 | $27.97 | $27.54 | $131.1M | 4.728M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17069 | $27.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.63 | 500 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| WBC (ASX) Chart |