CBA 3.93% $62.47 commonwealth bank of australia.

cba finds support

  1. 7,397 Posts.

    Well looks like I read that totally wrong just went back to the charts to see what happened ,
    it seems I was looking too close to the daily chart instead of the overall picture on the weekly chart ,

    CBA on 13/3 hit $23.05 this is an 18 month cycle low repeating back to 1998 ,and acted as a strong support level and a 61.8% weekly retracement for some time ,

    A classic Gann anniversary point, and I missed it  

    :( :(


    Subject re: what price should it be?
    Posted 17/03/03 11:14:44 AM - 264 reads
    Posted by arthur
    Post #81763 - in reply to msg. #81665

    T/A on CBA

    If it CBA continues to trade in the lower part of the intraday range $23.25 it will be forming a fairly strong bearish engulfing candle which will cover the two candles from the previous trading days ,

    This will look very bearish for Tues open

    _______________________________________________These comments are based on T/A and are meant for general discussion .
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