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johninvest17

CBA to retrace back to moving average. $CBA

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COMMONWEALTH BANK OF AUSTRALIA. (ASX:CBA)  
johninvest17 Uppdaterad   
ASX:CBA   COMMONWEALTH BANK OF AUSTRALIA.
Trend Analysis Chart Patterns Technical Indicators CBA S&P/ASX 200 ASX
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trendanalysis chartpattern indicator cba xjo asx
Commonwealth Bank of Australia had a good rally the last few trading days and shares likely to retrace back to the moving averages. Technical indicators such as the MACD, RSI, DMI and TD Sequentials are showing bulls are running out of energy.
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The stock went up due to good employment numbers, which decrease the chance of a rate cut in Feb 2020.

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