Here's an interesting factoid.CBA has been an albatros about the neck of the general market for some time.
Today, it broke significant down trend indicators. Look at the following:
- MACD broke above its signal line
- RSI broke above 50 - for the first time since late September
- DMI+ broke above DMI-
It's still early days - but that is looking significant from a bell wether stock.
Cheers
Red
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