CBA 0.47% $78.99 commonwealth bank of australia.

up??, page-2

  1. 144 Posts.
    Don't really know - except that it was oversold on all the technicals and due for a bounce. The initial buying that pushed it up was modest and then we had a real concerted rush from 2pm to push it over $26.50.

    Interestingly, following its fall from $27.50 to $26.26 ($1.24) it has (so far) completed an almost exact 38% Fib retracement to the $26.72 high of the day. If it moves down from here, this will be a very encouraging sign for the CBA bears. I suspect that this was the rally we had to have before resuming the downtrend as it has all the classic technical hallmarks including a nice retracement to the triangle support resistance line it broke so convincingly yesterday.

    Regards,

    jaysee
 
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$78.99
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$79.06 $79.10 $78.71 $183.4M 2.321M

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Last trade - 16.10pm 06/12/2019 (20 minute delay) ?
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$78.99
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