Looks like CBA will break downwards soon and fall through its bottom trend line ,
To confirm my theory do an interesting exercise is you have a charting pack with Gann tools ,
Place the Gann fan axis using the low of Sept 11 as the start point ,
you will notice the CBA price is being supported by the last Gann fan angle 8*1 at 7.5%,(very negative)
As a matter of fact it can not get any closer and continues to make lower tops ,
Gann would call this a pressure point ,or multi bottom waiting for a reversal, down towards $24.76 lows
will break to the downside.
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 (20min delay)
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Last
$121.50 |
Change
-0.290(0.24%) |
Mkt cap ! $203.3B | |||
| Open | High | Low | Value | Volume |
| $122.07 | $122.35 | $121.30 | $159.4M | 1.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2644 | $121.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $121.51 | 359 | 2 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
$121.54 |
Change
-0.290 ( 0.07 %) |
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| Open | High | Low | Volume | ||
| $122.00 | $122.35 | $121.30 | 114804 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| CBA (ASX) Chart |