Commonwealth Bank

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CBA.AX: Bullish relationship forming between price & volume

[BULLISH]: Commonwealth Bank current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.14. Commonwealth Bank (ASX:CBA) received a confirmed CMF crossover days on the Jan 7 2020. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.25 occurring on the Jan 7 2020.

The biggest price range this month for CBA has been $5.7300

[BULLISH]: Commonwealth Bank buyers are increasingly eager. There has been 2 consecutive days of range increase for CBA adding strength to an uptrend in the first timeframe. The biggest price range this month has been $5.7300 & the greatest daily price range this year has been $5.7300. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 1x.

Commonwealth Bank: 0.618 Fibonacci Fan ($83.52)

Commonwealth Bank: The current Fibonacci Fan levels are: (23.61%) $92.26: (38.2%) $85.01: (50%) $84.27: (61.8%) $83.52The current support levels are: (78.6%) $82.46: (100%) $81.1: (138.2%) $78.69: (161.8%) $77.2: (261.8%) $70.87: (423.61%) $60.65

Commonwealth Bank closed in the upper part of daily range at 89.7%.

[BULLISH]: Commonwealth Bank buyers are in control at the market close. This is the first day of buyer commitment for Commonwealth Bank adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 4 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 26.7%. Currently this quarter, closing price has spent 4 days in the upper price range compared to 2 days in the lower range giving a ratio of 2x.

Commonwealth Bank opened in the lower part of daily range at 0.9% & closed in the upper part of the trading range at 89.7%. This suggests the buyers were in control all day.

[BULLISH STRONG]: Commonwealth Bank opened in the lower part of daily range at 0.9% & closed in the upper part of the trading range at 89.7%. This suggests the buyers were in control all day. Over the last 12 months there has been 1 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.4%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 6.7%.

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