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
$134.97 |
Change
0.200(0.15%) |
Mkt cap ! $225.8B | |||
| Open | High | Low | Value | Volume |
| $134.37 | $136.03 | $133.51 | $212.5M | 1.575M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $134.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $134.98 | 1713 | 1 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |