ANZ has been a stellar performer over recent years, and although the last few days’ drop has felt savage its well short of what we saw through late 2024, early 2025. We continue to like the bank but can see a further test lower in the coming weeks.
- Ideally, we are looking for ANZ to correct back towards $34.50-35, or 5% lower – MM owns ANZ in its Active Growth and Active Income Portfolios.
MM is bullish on ANZ in the $37 area
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