##{"id":64171,"date":"2014-09-15T10:50:04","date_gmt":"2014-09-15T00:50:04","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2014\/09\/15\/emerging-sell-in-anz\/"},"modified":"2014-09-15T10:50:04","modified_gmt":"2014-09-15T00:50:04","slug":"emerging-sell-in-anz","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2014\/09\/15\/emerging-sell-in-anz\/","title":{"rendered":"Emerging Sell In ANZ"},"content":{"rendered":"

By Nick Linton-Ffrost<\/p>\n

Emerging Sell<\/strong><\/p>\n

We suspect ANZ Bank ((ANZ)) has formed a near term topping pattern between 33.20 and 33.70 which implies a decline towards 32.40 over the next week or two.<\/p>\n

Our view is based on the assumption that ANZ has formed a H\/S top and has completed the “b” wave within a structure which is correcting the rally from 32.30 to 33.80.<\/p>\n

We suggest opening short positions given a lower high has formed at 33.45. Trading above 33.50 for more than a few days negates our view.<\/p>\n

Trading tactics<\/strong><\/p>\n

Open shorts using a 33.20 limit placing stops at 33.55 and looking for a move to 32.40.
\n <\/p>\n

\"\"<\/p>\n

\nAnother trading idea from<\/strong><\/p>\n

Fifth Wave |<\/strong> fwtc.com.au<\/strong><\/a>                                               <\/p>\n

FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27years experience<\/strong>.<\/strong><\/p>\n

 AFSL 319830 |<\/strong> Disclaimer<\/strong><\/a><\/p>\n

Reprinted with permission of the publisher.<\/em> Content included in this article is not by association the view of FNArena (see our disclaimer<\/a>).<\/em><\/p>\n

Technical limitations <\/strong><\/em><\/p>\n

If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.<\/strong><\/em><\/p>\n

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in ANZ Bank.<\/p>\n","protected":false},"author":8,"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\/64171"}],"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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=64171"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/64171\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=64171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=64171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=64171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}