Yes, some more weakness wouldn't be surprising. This weekly chart indicators have recent divergence starting when the RSI was in overbought territory in May during CBAs uptrend.
If there's downtrend or a good probability of one developing I hold off buying.
Time to buy or wait till cheaper?, page-8
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 (20min delay)
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Last
$133.79 |
Change
-1.110(0.82%) |
Mkt cap ! $225.7B | |||
| Open | High | Low | Value | Volume |
| $133.51 | $133.90 | $133.29 | $19.45M | 145.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 194 | $133.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $133.79 | 67 | 3 |
View Market Depth
| Last trade - 10.30am 30/07/2024 (20 minute delay) ? |
| CBA (ASX) Chart |