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ANZ Shares

Discussion in 'Other Asset Classes' started by Darlinghurst Boy, 21st Jan, 2016.

  1. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    looks as though my ANZ shares are on the down today.

    maybe they re a good buy at the moment ??

    I bought them last year for $28 they re now about $23
     
  2. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    866
    Location:
    Darlinghurst Sydney
    They seem to be at the lowest now.
    Is it now time to get in and buy ??

    Surely they wint go down further ???
     
  3. willair

    willair Well-Known Member Premium Member

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    19th Jun, 2015
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    1,693
    Location:
    Brisbane..
    Last edited: 24th Jan, 2016
  4. Ozzie in Texas

    Ozzie in Texas Well-Known Member

    Joined:
    3rd Nov, 2015
    Posts:
    497
    Location:
    San Antonio, TX
    It depends upon your timeframe. Short term vs long term.

    Looking at ANZ's chart, it is oversold on a short term basis and it may be potential for a short term trade.

    There is a ton of resistance at about $25-26. I would place short term low at about $21.50, and longer term at about $18.

    If you are interested in learning about trading, check out hotcopper as a starting point. It's a decent trading community. Some of the good/regular traders are always happy to share the knowledge. If this isn't your cup of tea, it is an ok source of information. Just use your judgement to cut through the hype.