CBA.AX slips to lowest close since June 26, 2013
Commonwealth Bank (CBA.AX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving lower for the 3rd day in a row, CBA.AX finished Thursday at 67.45 losing A$0.73 (-1.07%). Today's closing price of 67.45 marks the lowest close since June 26, 2013. Closing below Wednesday's low at 68.01, the market confirms its breakout through the previous session's low having traded A$0.79 below it intraday.
Daily Candlestick Chart (CBA.AX as at Jun 14, 2018):
Thursday's trading range was A$0.70 (1.03%), that's slightly below last trading month's daily average range of A$0.78. Things look different on a weekly scale, where volatility is above the markets average with the monthly volatility being slightly below average.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
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