30 year trend broken in March. Not sure if we retest March lows, but at least another 5%-10% to go
In this environment looking for slow and steady wins the race type of higher probability 'income'. 1. looking for neutral to bullish action over the next 20 trading days 2. buy signal on 'TURTLE SOUP plus one' - recovery from new 20 day low, with reversal bullish. 3. Found 0.10 net credit premium on 17.51 European put option with 17.00 American put protection *...
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. RSI<40 ANZ will most likely hold 17.65 level(GFC bottom)
ANZ shares breached a critical point at 15.55 Share prices consolidated at 15.10 and 15.55 for about a week, and today it took off breaking through 15.74 and currently testing the 16.00 mark. The direction of the current trend to the upside is still premature; however, a break above 16.00 could lead to a further drive to the upside.
I'd previously made a post regarding my current position holding quite a large position in ANZ. After examining the movement over the past few weeks, - Slow prevailing downtrend - Poor / slow overall economic recovery - Bad news reports across financial sector I decided to sell my entire position, closing out at around 16.5 for a circa $200 profit. Which...
At it's weekly support zones. Two value zones to add positions to hold.
ANZ in a Wedge possible UP either way .. its on a Break out soon Depending on News tomorrow
Do you really need an explanation ? If so stop trading
I have quite a large stake in ANZ, at an avg price of around 16.450 (looking for recovery around $24.50), I also took these two trades shown over the last few days. I'm looking to hold these until TP is hit, all my trades at the moment are strictly longer-term due to the unpredictability of the market. Please leave a like if you're on a similar wavelength,...