CBA 0.26% $157.78 commonwealth bank of australia.

$62 whenever it happens - maybe maybe not, page-10

  1. 7,936 Posts.
    lightbulb Created with Sketch. 1554
    So, lemme see here now....

    Looking at the action area (or at, lease, what I suspect is the action area...refer extract of your chart below), I see two straight lines, a horizontal dark on and a lighter one on an incline.

    Then, there's a shaded area which encloses most of the features, but not all of them.

    And then there is a squiggly line, which even a knucklehead like me can tell is the CBA share price.

    But then there are 3 green... er... bubbles of varying shapes, sizes and positions (high, middle and low... I note the low bubble is quite elongated. For dramatic effect, presumably, or is there some science to it?)

    And finally, a pair of blue arrows pointing in opposite directions.

    cba charting.JPG


    So, in summary, lots of stuff happening in the chart but the thing that evades me is the conclusion (maybe its just me who is a bit dull in the head).

    Any chance you can distil it into a simple one-line sentence along the line of:

    "And therefore I, MMP, believe the share price is going up/down (delete whichever is necessary)"


    Or is that not the way it works?

    .
    Last edited by madamswer: 23/11/18
 
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