CBA commonwealth bank of australia.

CBA TA update, page-562

  1. 6,849 Posts.
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    Didn't touch the green bottom trend. So no top-up for me. I sold some at $106.90 for risk mitigation instead.
    https://hotcopper.com.au/data/attachments/5475/5475240-0ce3b81198348153a320c2334ed6d84b.jpg
    Will buy it back depending on the retest result of the upper green trend line. I would not be surprised at all if that upper trend line does not hold and SP goes back into the channel. Maybe even the bottom of the channel. That would be a nice price to buy 1,000 units and not 925
    https://hotcopper.com.au/data/attachments/5475/5475242-9e197088406d0880caa307da5bb41ae9.jpg
    Fundamentally CBA will break out above all time highs if inflation is sticky (i.e. Higher IR is required for longer) but inflation is on the wane so NIMS might not as high a some have thought moving forward.
    Last edited by Exised: 02/08/23
 
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