Commonwealth Bank of Australia has just posted 4 consecutive losing weeks but remarkably remains above its 200-day moving average. Since 2000, a weekly losing streak of this length while still respecting the 200-day moving average is rare. Data paucity caveats aside, similar events have been unusually kind to CBA, with a 6-week average gain of 4.9% & win rate of 6 from 6.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.