CBA 0.31% $149.79 commonwealth bank of australia.

50 and 200 day moving average touches

  1. 31 Posts.
    Hi Guys,

    Just thought I should point out an observation(if no one has already), that the 50 day and 200 moving averages are close to crossing over. Not just with CBA, but also ANZ, NAB, and WBC.
    ANZ and WBC have already crossed, while NAB is almost touching.

    Seems like there could be a big movement happening soon if not tomorrow.

    Which direction it will go? I'm not sure. Process of elimination tells me that it won't be sideways.

    Any thoughts?
 
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