Hi BDV, Yes I always check the weekly charts and whet I see atm is a strong uptrend with HH's and HL's for the past 5 weeks but this week has so far made an equal low and a lower high which is an inside bar so could be the end of the uptrend for now with a minor pullback and then back up. I see resistance at $54 and $60. If we can end the week with a close above $54 on good volume then chances are we could see a test of $60 again then maybe a retracement back to $54. Old resistance being new support.
I might be a begginer but what I have learned over all the years I have been studying charts is there is so many ways to read a chart. You can basically get a variety of scenario's from the same chart so there is no right or wrong. The most important part of being a profitable trader is money management.
Let's hope tomorrow is another up day so as I can lock in some profit:)
Cheers, Crimpy
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Last
$133.14 |
Change
0.540(0.41%) |
Mkt cap ! $222.8B |
Open | High | Low | Value | Volume |
$133.36 | $133.46 | $132.53 | $250.6M | 1.901M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90 | $132.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$133.17 | 2118 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 189 | 132.580 |
1 | 5 | 132.550 |
1 | 38 | 132.500 |
1 | 584 | 132.020 |
6 | 691 | 132.000 |
Price($) | Vol. | No. |
---|---|---|
133.240 | 250 | 1 |
133.250 | 50 | 1 |
133.300 | 400 | 2 |
133.350 | 504 | 2 |
133.400 | 840 | 3 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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CBA (ASX) Chart |