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
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- will break to the downside.
will break to the downside.
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Last
$127.38 |
Change
1.180(0.94%) |
Mkt cap ! $213.1B |
Open | High | Low | Value | Volume |
$127.00 | $127.61 | $126.27 | $277.5M | 2.190M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1360 | $127.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$127.38 | 37154 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 198 | 126.300 |
1 | 100 | 126.250 |
3 | 38 | 126.200 |
1 | 4 | 126.170 |
1 | 75 | 126.040 |
Price($) | Vol. | No. |
---|---|---|
127.390 | 100 | 1 |
127.500 | 1559 | 7 |
127.510 | 385 | 1 |
127.520 | 156 | 1 |
127.580 | 1000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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CBA (ASX) Chart |
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