I can't argue with that as they bought it all the way up but atm kinda looks like MMs just closing some shorts to prop it up as they load even more here.
That big red line is the most traded price for the past 6mths, if price breaks higher then perhaps CBA is on track for a new leg higher but whilst it trades here underneath I think it's being held up until MMs and instos are ready to drop it proper...
That said, nothing would surprise me with this stock. .
CBA Price at posting:
$155.10 Sentiment: None Disclosure: Not Held
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