COMMONWEALTH BANK OF AUSTRALIA
Long
Mis à jour

sit tight & get ready to ride up

236
i think currently market is trying to consolidate and soon it will resume up trend and bulls will take control of market, because:

1. price is continuously above 200 days moving average.

2. during last three weeks for 5 days price gone above 50 days moving average.

3. most of the volume is in the range of $70.80 - $72.20 range which is above 200 days moving average and pretty close to 50 days moving average.

4. based on last one year volume price comparison next targets should be:
4.1. $77.00 - $78.50 range
4.2. $78.50 - 80.00 range

I think we are not to far from upwars breakout.

if you like my ideas please give me thumbs up or leave comments. i think not may people are sharing their idea on this asset. i would really appreicate and incouraging if you consider donating some Tradingview coins.

P.S: These are my own notes for future refernce, by no means trading advise to anyone. please do your own research before entring into any trade.
Transaction en cours
it's about to touch 50 days moving average around $73.00 and if this happens it would be a good signal for bullish trend.
Transaction en cours
remember to take some profit at $74.44 range.
Trade fermée: cible de profit atteinte
closing at $73.93

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