Detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), ANZ represents a potential bullish opportunity with respect to a possible breakout should momentum continue and newer highs be made past the current position. As described in the analyses of the week, the banking sector is one of the sectors of...
Looks like ASX:ANZ is at major its major support 23.59, if it doesn't break below 23.45, then there are chances for it to reach 24.09(major resistance) and followed by 24.65.
Disclaimer- You are responsible for your own trade as this is only a my idea of ANZ performance
HELLO GUYS THIS MY IDEA 💡ABOUT ANZAUD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome.
ANZ, one of the big four banks listed on the Australian Stock Exchange is a pretty tricky stock to trade,...
According to the chart above we can see that trading pair AUD/NZD sitting on the weekly demand zone between the price region 1.0380-1.0440 which is also in the Fibonacci retracement support zone (50.00%-61.8%).
If the buyers will enter into the long positions we can expect that the price will again test the supply zone at 1.100 which is also a BRN psychological...
ANZ is moving in a 5 wave pattern and have already completed Wave 3.
Now it is heading for correction wave 4.
Once it reaches point A on the chart, we will see an bit of uptrend where it will meet point B. Post point B, it will continue its journey south
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Strong Buy - Looks like it's on the move has nearly returned to its previous level prior to the Covid Crash only 85% Roi but not bad for under a year better than the Bank.
Financials still up the top of the Sector list Oil bound to hit $62 it's on a rampage that should last the week Oil pumps up Financials/Banks.
Banks make more money than you can shake a stick...
ANZ is filling up the gap created back on 10 November 2020. Following a downtrend from 1.850 news coming up in 4 days. Sellers in control now, huge selling volume. The support line at 1.435 which sitting at this moment, if can't hold the next support is 1.330 then major support at 1.20. Hopefully, we can see an up trend form here. Not financial advice, Do your...
Tested 0.618 Fib and top resistance of downward wedge.
All other major banks NAB. CBA and WBC to follow.
RSI is still relatively high.
1st entry at 18 and will average down to 17 if it falls further.
First entry at the start of an uptrend which most likely gets back tested.
ANZ will most likely hold 17.65 level(GFC bottom)
Australia and New Zealand Banking Group (ASX: ANZ) share price has fallen big in the last few months.
Value Investors, is this a buy for you?
For me, $25 is the magic number. If we can hold and bounce strongly above $25 before the monthly close. It is a good buying opportuntity in the short term. Due to "reward to risk".
If we close below $25, ANZ doesn't...