AsimMirza786

sit tight & get ready to ride up

Long
AsimMirza786 Zaktualizowano   
ASX:CBA   COMMONWEALTH BANK OF AUSTRALIA.
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.
Zlecenie aktywne:
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.
Zlecenie aktywne:
remember to take some profit at $74.44 range.
Transakcja zamknięta: osiągnięto wyznaczony cel:
closing at $73.93
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