A bank showing early signs of pushing up out of the doldrums

Potential Buy Alert ANZ

 

ANZ – Australia and New Zealand Banking Group Limited

ANZ has been consolidating between 30.50 and 27.50 the last eight months yet to confirm a direction as major support holds. We are now watching the 29.15 zone for a break as this will trigger some stops to squeeze out sellers and drag in fresh buying. If we see this scenario play out then its all about a higher low and entry setup.

 

Stock Code : ANZ – Australia and New Zealand Banking Group Limited

Company Website : www.anz.com

Current Price : 28.47

Status : On watch for buy entry setup