Bit of advice - put BOB on ignore. I did a week or so ago. I have better things to do than read his crap and wasting my time replying to it. A tw*t who thinks he is important. A tw*t who has to repeat himself every day. What a wayne kerr!!! I asked here the other week if anyone had bought any CBA above $135 - NOT ONE PERSON HAD the last time I looked. So he is just talking to himself. Very few if any people on here will influence me in any way with investing. I think that applies to most people here.
On the chart - I just posted my chart a week or so ago showing the RSI in over brought and said when it crosses back down a sell signal. Most people would include several indicators to signal sell before actually selling. By the time you include those indicators the SP could be sub $145 or so. All comes down to if you want to trade or not or just hold onto them. The Guppy is showing a good up trend. Could turn anytime.
My take on CBA at present. It has had a fantastic runup, it has to end soon. CBA/banks/a lot of stocks usually have 2-3 runups and pull backs a year. It obviously has overshot on the way up and I believe it will come back down some. There is support in the 144-145 area and the trend line you drew. Time will tell whether these will hold and where it goes from here. POSSIBILTIES AND PROBABILITY.
I was to inherit my brothers CBA and NAB shares ($3m) and we set it up that I split the shares (for estate planning and tax reasons) between my wife, our 2 daughters and myself. As stated before, we are now just, sit and watch people. Cheers.
CBA Price at posting:
$154.46 Sentiment: Hold Disclosure: Held
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