CBA - Following 3 Down Weeks & Price above 200-day ma
Commonwealth Bank CBA has just recorded 3 consecutive down weeks but remains above its 200-day moving average. Since 2000, this type of weakness has occurred 23 times. Following this, the 6-week forward interval provided an average return of 5% with a win rate of 21 from 23 events.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance and may not be repeated. Past performance does not diminish the risk expectancy of any strategy. By its very nature ‘risk’ means you could and most likely will experience losses. No representation or warranty is given as to the accuracy or completeness of any information provided. Data is for educational and informational purposes only.