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.
Speculative bearish setup... If you think this analysis can be useful, leave a your comment or your LIKE! Thank you for support and trade with care!
Chart has notes Bet it doesnt stop next time it pauses on support Too slow for me but entertaining all the same See tls.ax for a similar slow death, now in recovery
- Just a simple observation, price is bouncing around the level. - Looking at it , it has gone up for a 2 month period then down for a 2 month period. - Looking to go LONG , on the DAILY . So possible 6% growth by 2019 . What do you guys think? Just by looking at the chart on the daily ?
The price has been falling since early 2017 from the peak around $88.00. This drop has been a "healthy" one as we are seeing this as a correction for a longer term accumulation to the upside. Some quick fundamentals to support the upside - 1) Revenue has been increasing for the past 5 years; 2) Net income has been increasing for the past 5 years; 3) Dividends...
CBA break of bullish trend. Possible indication of further declines
It is obvious from the chart and trend lines that BATS:CBA has two choices - it could break down the trend and go with the long term trend to under $9. If it doesn't, it may bounce back on the support line and go above $11.