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...
CBA can be bought at price of 98-99 for a target of 107-108.
Since 2000, Commonwealth Bank (CBA) has displayed a consistent 15-day return following a 12, 26, 9 MACD Daily Histogram below 0 for 25 consecutive days & volatility was trending lower (50-day Average of Absolute Daily Deviation is lower than the 200-day Average of Absolute Daily Deviation). Average return of 2.80% with an unblemished win rate of 20 from...
Commonwealth Bank CBA has just recorded 3 consecutive down weeks but remains above its 200-day moving average. Since 2000, this type of weakness has occurred 23 times. Following this, the 6-week forward interval provided an average return of 5% with a win rate of 21 from 23 events. Disclaimer: This data is not financial advice. Past performance is not a guide to...
should have nice bounce back to $103 if hold above that resistance line should hit $106, 4 week time frame with 15% swing
Elliot wave complete since COVID March 2020 low Projecting FIB targets for a zone of interest to potentially start accumulating or pyramiding long. A confluence of FIBS with Key horizontal Support, moving averages (200EMA), and Ichimoku. Wait for base to form and confirmation before entry and market sentiment to support the bais.
Hit by fears of inflation and now fears of Omicron (the transformer). Looking like an easy long for a bounce towards $100. MACD showing a move towards zero line. Tight stop at current low of $92.70 Large market cap straying too far from it's True Range. Already green on this trade but would be nice to get at least another $3.
Major sign of weakness shown with the recent big drop, signalling trend change. Anticipate final leg up to around $100-105 before mark down to $88 and test there.
This is my first publishing and purely for educational purpose. DYOR It seems that CBA is forming Wyckoff Distribution - Phase D UTAD, coming in range with high volume and wide price range. It might take support from ICE (Green dashed line) and could continue to fall till next support zone around $90. Lets see how it goes. Fingers crossed Thanks.
Text me if you have any questions/comments for me. ----- CBA - Previous video analysis was done on 13 Oct (red arrow) – suggested waiting for a successful rebound above $109 before plotting entry - Today, the stock gapped down below the short- and mid-term supports - It closed below the strong psychological support of $100 - Coincidentally, today is the 4th...
CBA has broken the to the downside and not many would have anticipated it
Text me if you have any questions/comments for me. ----- CBA - First time doing a written analysis on CBA - During the FB livestream on 24 Oct, I suggested the stock is worth a look if there is a successful breakout of the strong resistance (orange line) - Stock has some history of uptrends but also suffers from sudden strong pullbacks - Today’s close is above...
Divergence has appeared on the short term and long term Stochastics. It warns of a possible correction. Supporting this possibility is the large step up in volume at $99 without a corresponding increase in price. So we know some distribution is occurring but where is support? There's no supporting volume until the $83 to$81 mark, so this may be the short term...
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
It looks like CBA is about to pullback. Evidence: Divergence in Weekly, Monthly candlestick pattern has long upper shadows, trendline break?
Some #ASX bellwethers are showing that the market is about to rollover. Take a look at the $XJO chart (interesting geometry) and the $CBA.AX and $MQG.AX charts. The $CBA chart in particular looks like an alarming short setup.