Commonwealth Bank of Australia (
CBA) is showing a “Strong Uptrend” on a 1-week chart. 📈 We bought at $126.49 and sold at $159.24 previously. Now at $162.98, we’re in a long position at $162. With a Trend Score of 8/8 and 100% signal alignment, the projected price is $166.2 (+1.1%), supported by bullish RSI but bearish MACD.
How to Trade This Setup:
• Hold the Trend: The uptrend is strong with high volume—hold the long position from $10629 for now.
• Set Targets: Aim for Resistance 1 at $175.54; Support 1 at $147.05 is key if a pullback occurs.
• Manage Risk: With bearish MACD, consider trailing stops to lock in gains as the price nears $166.2.
What’s your next move onCBA? Let’s discuss in the comments! 💡 #Trading #CBA #Analysis
CBA) is showing a “Strong Uptrend” on a 1-week chart. 📈 We bought at $126.49 and sold at $159.24 previously. Now at $162.98, we’re in a long position at $162. With a Trend Score of 8/8 and 100% signal alignment, the projected price is $166.2 (+1.1%), supported by bullish RSI but bearish MACD.How to Trade This Setup:
• Hold the Trend: The uptrend is strong with high volume—hold the long position from $10629 for now.
• Set Targets: Aim for Resistance 1 at $175.54; Support 1 at $147.05 is key if a pullback occurs.
• Manage Risk: With bearish MACD, consider trailing stops to lock in gains as the price nears $166.2.
What’s your next move on
CBA? Let’s discuss in the comments! 💡 #Trading #CBA #Analysis
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.