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
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Last
$142.85 |
Change
0.850(0.60%) |
Mkt cap ! $239.0B | |||
| Open | High | Low | Value | Volume |
| $141.90 | $142.85 | $141.46 | $424.7M | 3.074M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $142.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $142.85 | 5838 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |