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
$127.80 |
Change
-0.180(0.14%) |
Mkt cap ! $214.1B | |||
| Open | High | Low | Value | Volume |
| $127.79 | $127.88 | $127.61 | $21.85M | 170.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 249 | $127.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.82 | 1113 | 8 |
View Market Depth
| Last trade - 10.20am 19/06/2024 (20 minute delay) ? |
| CBA (ASX) Chart |