##{"id":57094,"date":"2010-08-24T10:44:19","date_gmt":"2010-08-24T00:44:19","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2010\/08\/24\/anz-shares-in-no-mans-land-reports-techwizard\/"},"modified":"2010-08-24T10:44:19","modified_gmt":"2010-08-24T00:44:19","slug":"anz-shares-in-no-mans-land-reports-techwizard","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2010\/08\/24\/anz-shares-in-no-mans-land-reports-techwizard\/","title":{"rendered":"ANZ Shares In No Man’s Land, Reports TechWizard"},"content":{"rendered":"

\n\tBy Rudi Filapek-Vandyck<\/p>\n

\n\tANZ Bank ((ANZ)) is now the favourite of most (but not all) banking analysts in Australia, the TechWizard has noted. From a pure technical perspective however, the shares are trading in no man's land, he says.<\/p>\n

\n\tThus it is his view that ANZ Bank shares can go either way from here. Key resistance is at $23.60\/80 and the Wizard reports a weekly close above this level would indicate the underlying trend has turned positive (bullish). Under such a scenario a return to the $26.00 region should not be considered implausible, he adds.<\/p>\n

\n\tOn the other hand, a fall below the bottom trend line would be very bearish and could see the $20.00 target come back into focus.  At present, notes the Wizard, the shares have carved out a bearish looking wedge on price charts.<\/p>\n

\n\t\"\"<\/p>\n

\n\tThe TechWizard has informed us he currently does not own shares in the company.<\/p>\n

\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au<\/a> The views expressed are the TechWizard's, not FNArena's (see our disclaimer).<\/p>\n","protected":false},"excerpt":{"rendered":"

ANZ Bank shares are trading in a grey zone, reports the Wizard, implying they could go either way depending on resistance and support levels.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[90,91],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57094"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=57094"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/57094\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=57094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=57094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=57094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}