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.
Multiyear low bottom formed, page-2
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Last
$119.54 |
Change
1.550(1.31%) |
Mkt cap ! $200.0B | |||
| Open | High | Low | Value | Volume |
| $118.80 | $119.54 | $118.53 | $405.1M | 3.397M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 309 | $119.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.55 | 41086 | 9 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$119.13 |
Change
1.550 ( 1.02 %) |
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| Open | High | Low | Volume | ||
| $118.88 | $119.26 | $118.57 | 250725 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| CBA (ASX) Chart |