BEN 8.60 was bid trget 10big sell off was pushed higher, looking to see if it holds POC (yellow) now and pushes out of supply to next target $10
BENPH trade ideas
BEN holding supportlooking to see if it holds channel low of 8.30 if so then could be good to buy, if not then a drop to 6.50.. good financials on the company so a drop to 6.50 would be a bargain , buy at 830 seems ok for a run to 11.
Bendigo completed 5 waves Bendigo Bank seems to have completed a 5 wave structure. Wave 1 and 5 are similar in time and price. Wave 3 is a little extended in terms of price and 1 calendar short (6CD).
I have a BUY order above July 8 high. .. waiting for it to trigger.
Watching ..
BEN.ASX_LongENTRY: 9.24
TP: 9.85
SL: 8.9
- ADX>25
- RSI>70
- MAs are aligned except for 200MA which seems to be flatting
- Break-up on decent volume
- Prefer closing to be above 9.24
BEN Nice Symmetrical TriangleSymmetrical Triangle, with four touches on the upward trendline, great buy opportunity.
BENPrice dynamics and structure shows buyers are clear and within area on bigger picture. W1 & mn demand zone currently triggering although potential for last leg down but prices within risk reward ratio.
Will monitor over coming weeks albeit some long already. Yearly and monthly close would help for more clues too. Target area $15 + depending how price arrives to level.
Short BENDue to oversea market over night the market is expected to open lower today, The ASX 200 is near the high of Res and the Vix is showing bullish movement to the upside as well. Next lets look at the financial sector (XFJ), its showing a bull shooting star on the Res that could pull back to 5978. Now to Bendigo Bank its showing a shooting star on 13 EMA and its near the recent Res, also its going Ex-dividend today as well. All sign today is showing there could be pull back today.
Will it bounce back to 10.20 level for next few weeks?My weekly swing analysis - purely looking at chart
Bendigo and Adelaide Bank breakout-55 Week symetrical triangle
-Measured move up to 14.85
-Earnings release 12FEB18
-Ex dividend 02MAR18
Will risk 100 basis points on a close above 3% breakout
R/R 10.44
