PAZINI19

Analysis: Bullish Channel: two situations

ASX:CBA   COMMONWEALTH BANK OF AUSTRALIA.
First of all we are in an uptrend and we will not go against this trend because we are above the vwap indicator. However, we could have a continuation of this uptrend if and only if we break the resistance line with strength by a large green candle and followed by large green volume. On the other hand, we could also have a reversal of the trend, ie a downtrend. But this can only come true when the support line and the vwap indicator have been forcefully broken by a big red candle and accompanied by a big red volume. Thanks.!
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