CBA to retrace back to moving average. $CBA
Updated
Commonwealth Bank of Australia had a good rally the last few trading days and shares likely to retrace back to the moving averages. Technical indicators such as the MACD, RSI, DMI and TD Sequentials are showing bulls are running out of energy.
Order cancelled
The stock went up due to good employment numbers, which decrease the chance of a rate cut in Feb 2020.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.