ANZ – ANZ Bank Ltd

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use

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Code:

Company Name:

Sector:

Size:

 Confirmed Trend:
 

ANZ

  

ANZ Bank Ltd

  

Banks / Financials

  

ASX Top 20

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Commentary:

ANZ Bank Ltd has resumed its up trend by closing above the previous peak at $23.52.  It has also held above support at the up trend line at $20.50 – the reason for the short lived down trend.

Using Trend Lines with a close above two previous peaks to enter, win percentage is 60%, and profit to loss is 2.67 to 1.

Click the chart below to enlarge:

  Previous Trend Changes:

    – Feb 2010, Trend Line Exit Signal at $20.90

      - April 2009, Trend Line Entry Signal at $16.55

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February 2, 2010  Tags: , , , , , ,   Posted in: Research On Australian Stock Trends

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