Title:
Commercial Bank of Ceylon PLC: Potential Upside Ahead
Greetings, Traders!
🌟 Hello everyone,
The Commercial Bank of Ceylon PLC, a prominent player in the Sri Lankan banking sector, shows promising signs of further upside potential.
$CSE:COMB
Key Observations:
- As a leading commercial bank in Sri Lanka, Commercial Bank of Ceylon PLC has a...
COMB has had a clear bearish divergences followed by a broken a trendline.
Now it is currently doing a bearish retest.
61 seems like a good level to jump back in
Please note : This is for educational purposes only.
50.00 to 54.00 was the previous support base since 25.04.2022, with 50.00 was support and 54.00 was resistance.
There were occasional breakouts above and below but more like false breakouts due to the short periods of those and the prices have gone back to the base.
Throw back test at 54.00 on 30.01.2023 had...