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Algo Update – Sell Signal Commonwealth Bank

Our Algo Engine flagged the negative technical structure in leading financials firms Commonwealth Bank and Goldman Sachs. These are both leading industry names which have bearish price action developing.

Investors should remain on the short side of these assets.

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The charts below illustrate  the recent Algo Short signals along with the resistance or selling pressure, which is now building.

Chart – CBA
Chart – GS

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