Looks like CBA will break downwards soon and fall through its bottom trend line ,
To confirm my theory do an interesting exercise is you have a charting pack with Gann tools ,
Place the Gann fan axis using the low of Sept 11 as the start point ,
you will notice the CBA price is being supported by the last Gann fan angle 8*1 at 7.5%,(very negative)
As a matter of fact it can not get any closer and continues to make lower tops ,
Gann would call this a pressure point ,or multi bottom waiting for a reversal, down towards $24.76 lows
will break to the downside.
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 (20min delay)
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Last
$126.94 |
Change
-1.040(0.81%) |
Mkt cap ! $213.5B | |||
| Open | High | Low | Value | Volume |
| $127.79 | $127.88 | $126.77 | $256.4M | 2.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3734 | $126.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.00 | 3247 | 5 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| CBA (ASX) Chart |