CBA *breaking point soon* --> SHORT
CBA has formed a large rising wedge with declining volume, RSI has now hit oversold. Go figure which way this will go. They're going to have to take on COL's catchphrase DOWN DOWN, PRICES ARE DOWN.
Note
Wedge broke shortly afterwards and formed a double top. Volume still down and RSI rolled over.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.