Is Commonwealth Bank of Australia (ASX: CBA) Losing Its Medium-Term Bullish Momentum?
May 16, 2026
Proactive Equities Team
Commonwealth Bank of Australia (ASX: CBA) is facing weakening medium-term momentum after a sharp sell-off triggered by a quarterly profit miss, valuation concerns, rising policy risks, and margin pressure. Technically, the stock remains in a long-term uptrend but is testing critical support near $160.