Look at the weekly monthly daily chart all i c is red bars - not redbars interspersed with green but red red red. We broke the 2016 lows
There is no bottom forming in any respect of true technical analysis - there is a bottom forming in the sense that CBA bulls cant believe its falling like it is - is it still a good bank yeah sure but that in 2018 doesnt necessarily save the sp.
EOD tho it is extremely difficult to pick bottoms but I can say with certainty that the charts dont say a bottom is forming - it may be if this is the last hurrah of selling and this is the first bar but no one knows that until a formation actually starts to form.
i going with under 60.
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Last
$119.80 |
Change
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Mkt cap ! $200.7B |
Open | High | Low | Value | Volume |
$119.50 | $120.07 | $119.28 | $93.07M | 776.9K |
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16 | 427 | $119.78 |
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8 | 403 | 119.820 |
10 | 531 | 119.810 |
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Price($) | Vol. | No. |
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119.850 | 1417 | 5 |
119.860 | 1298 | 6 |
119.870 | 696 | 7 |
119.880 | 1039 | 6 |
119.890 | 480 | 6 |
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