Well so much for that bounce, although i am still bearish XJO and CBA, i was thinking we could see a small relief bounce.
So this decline now suggests we can watch 2 ideas.
Idea 1 - Is the less aggressive idea, its still in a small wave [v] of the larger wave [i], so a bit more downside then setup for a better bounce, however this dont really gel with what is going on on the XJO.
Idea 2 - More aggressive and bearish, we should see more follow through today's price action and heavy selling, that will suggest its inside a 3rd wave and a stronger decline for wave 1/A
Unfortunately its at a point where we need to wait for the next bit of price action to help confirm the idea, but if a gap down then chances are its in idea 2
Short term its a sell under $71.00
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- setting up for a move lower?
Well so much for that bounce, although i am still bearish XJO...
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Last
$132.46 |
Change
-3.810(2.80%) |
Mkt cap ! $221.6B |
Open | High | Low | Value | Volume |
$133.50 | $134.25 | $131.66 | $507.4M | 3.839M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | $132.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$132.46 | 20375 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 235 | 132.000 |
1 | 50 | 131.970 |
1 | 1000 | 131.950 |
1 | 151 | 131.930 |
1 | 220 | 131.810 |
Price($) | Vol. | No. |
---|---|---|
132.980 | 150 | 1 |
133.000 | 377 | 1 |
133.200 | 580 | 2 |
133.300 | 376 | 1 |
133.500 | 45 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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CBA (ASX) Chart |