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
$127.98 |
Change
2.490(1.98%) |
Mkt cap ! $214.1B | |||
| Open | High | Low | Value | Volume |
| $126.58 | $127.99 | $126.20 | $284.6M | 2.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | $127.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.98 | 11527 | 3 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| CBA (ASX) Chart |