Interesting price action today ... the crucial level as per my earlier post was $29.78 and today CBA had two runs at it - only succeeding in creating an intraday double top at $29.75 and then rapidly declining to $29.40 before a late day pullback.
Volume was abysmal at 1.55 million shares - the largest portion of which was seen during the decline from 2pm onwards! We now have overlapping & corrective waves from the low at $28.90.
This is certainly not the price action expected for a stock looking to place a new high for this rally. I suspect that we will see more downside very soon imho.
Any other thoughts.
Regards,
Jaysee
at crossroads, page-12
Add CBA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$125.49 |
Change
0.180(0.14%) |
Mkt cap ! $209.8B | |||
| Open | High | Low | Value | Volume |
| $124.99 | $125.60 | $124.76 | $189.5M | 1.512M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1743 | $125.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $125.49 | 169 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$125.43 |
Change
0.180 ( 0.23 %) |
||||
| Open | High | Low | Volume | ||
| $124.93 | $125.59 | $124.76 | 209175 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| CBA (ASX) Chart |
