sparkles - sorry I didn't see your post until the early hours of wed morning.
I think CBA is showing signs of a retracement especially as the candle formed today is quite bearish (if it gaps down tomorrow on the open then it is a shooting star)
The MACD still indicates the trend is up.... but the momentum indicator (ROC) is slipping and the price has touched and rejected the upper downsloping trendline. Furthermore the price went outside the top of the bollinger band, backtesting this usually spells impending trouble for CBA.
I have not taken a short position yet, tomorrow could well be the day especially if we get a gap down.
Cheers
Commy
sparkles - sorry I didn't see your post until the early hours of...
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Last
$133.14 |
Change
1.460(1.11%) |
Mkt cap ! $222.8B | |||
| Open | High | Low | Value | Volume |
| $132.59 | $133.31 | $132.10 | $177.3M | 1.333M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 51 | $132.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $133.15 | 553 | 2 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| CBA (ASX) Chart |