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
They seem to be at the lowest now. Is it now time to get in and buy ?? Surely they wint go down further ???
From a unit holders thinking,when you read this it makes one think if your banged up,and trading "OPM",in a liquid mirco second trading markets,one mistake,then wacko.. Sacked ANZ trader says bank tolerated drugs, strip clubs Markets Live: BHP surge leads ASX higher
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.
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