Forum Topics CBA CBA Bear Case

Pinned straw:

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Rick
Added one year ago

@Saitonthe good old 200% wvae 5” …and I thought fundamentals were tricky! ;) What are the technicals telling you from here?

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Saiton
Added one year ago

From the technicals point of view, its saying its topped out on the Stochastics for 1 day, 3day, 1 week and 9 day time frames. That with it also being at the 200% Fibonacci level would tell me to get out. That said if you really wanted to hang out for more then you woud sacrifice some $ for the next drop on the daily time frame, watching between the charts and the stochastics resetting on the daily. If the daily stoch manages to reset and the price really didnt drop much then there could be a little more to go. If you hung out for the next drop and it climbed above th 200%, there could be the possibility it will go to the next Fib level. It really comes down to watching the Stochastics daily on the 30mins, 1hr, daily and watch how aggresive the movements are to get a feel for what may happen. Sound hard but with practice you see it quicker and easier.

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