I think, it's pretty evident that price likes the range of $80.00. as we can see in weekly, daily and 4 hourly charts. I think if we are holding then we should just simply hold on to it and wait for the price to touch $80.00 range. p.s: please note these are my own notes for my learning/ future reference, by no means trading advise to anyone. please do your own...
As it was noted that we should see higher value in this range and price not fall below 200 days moving average. I think now we should soon see price going up to 73.30. p.s: these are my own notes for future reference and by no means trading advise to anyone. please do your own research before entering into any trade.
i don't see major support if 67.70 support fails, in that case price would go all the way down to around $60.10. next considerable support zone are 67.50, 65 - 64 then 62 - 61. May be good strategy for long position is to buy in stages. stage 1: 67.70 zone stage 2: 65-64 zone stage 3: 62-61 zone. P.S: please note these are my personal notes for my future...
I think it would be a opportunity to buy at ~ $69.81. please note these are my own notes for future reference, by no means trading advise to anyone.
let's see how support line at ~71.66 supports the price, doesn't look very strong support line and with given COVID-19 second wave updates from VIC, NSW and QLD, let's how all these reflect on price for now it's all favouring the BEARS.
I think I can see Elliott Wave pattern but not sure how it's going to happen in current market situation. I think the trend is still upwards (which is great) but for next few days price will swing between support & resistance 72.300 and 74.50. since today's run was reasonably good after 5 days of price correction. I would be keeping an eye on tomorrow's market...
As I noted in my previous idea, that it's going to get support at 72.300, which it is getting at the moment. As it can seen in hourly chart. At this point it is still in upwards channel but it it falls below support level it can possibly fall below the up trend channel and come down below 72.00. with current market sentiment it's bit difficult to decide to make a...
just my own notes, by no means trading advice to anyone. please do your own research before entering into any trade. I think ASX:CBA shares are going to touch $74 soon.
Buy orders set at Support Level dating back to 2012, the Level has not been tested very often, increasing the probability of a bounce. The level also acted as a strong resistance in the past. FIB level seems the most likely target for the bounce. Possible 8.5% + Trade, with high R.
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.
Sell or Short $CBA. Commonwealth Bank of Australia to retrace back to moving averages. More likely to retrace back to the 200 moving average (red line) at this stage to form an ABC correction. Or retrace back to trendline support.
From everything I’ve read over the years commonwealth bank has been a widow maker for many traders looking to short. I almost bought some $65 put options earlier this year which would have expired in October. Lucky me! Any way, looks like this may finally be it. To me it looks like a big tripple top has been out in here. With the real estate market in Australia...
Hi everybody. This is a chart showing you possible sell zones and buy zones due to resistance that we have encountered before and support which is the .618 fib level.
Chart has notes on what weakness looks like
Really not liking this weekly chart. Gap down outside of the support line and well below the 30 week WMA. Still 4 days in the week but if it stays outside of the trend line I think it's only down from here and possibly last time above $70.