As per my NAB downside post this morning. (Please have a look), CBA has also double topped in the short term (Check your daily charts) 1/8/02 high of $31.49 and today it hit around $31.50 now back to $31.30 (very quickly). On the 1/8, it retraced with a black candle "shooting star" type formation and look to be forming the same so far today. Target $29.75 which is where it closes it's gap on teh daily chart. Momentuim indicatoors also show the rally to today's highs shows bearish divergence.
Strategy:
Buy CBA Put Options. Put Spreads, Put warrants
Sell CBA Cal Options Spreads.
Target: $29.95, Stop loss $31.60
*** CBA dowsnide from here - technical analysis at
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 (20min delay)
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Last
$155.61 |
Change
2.590(1.69%) |
Mkt cap ! $260.4B | |||
| Open | High | Low | Value | Volume |
| $153.00 | $157.28 | $152.42 | $366.7M | 2.361M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3587 | $155.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $155.61 | 17634 | 6 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |