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...
looks like at the moment the price is between support and resistance. the overall trend is positive getting support from MA50&200 which is positive sign. I will wait for entry around 73.00 - 72.50, apparently looks like market is going to close around 73.500. these are my own notes, by no means advise to anyone. please do your own research before entering into...
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.