CBA 0.94% $127.38 commonwealth bank of australia.

re: chart ..for those interested- frankiedee anke Gse,Looking at...

  1. 1,356 Posts.
    re: chart ..for those interested- frankiedee anke Gse,

    Looking at the charts back on the 4/9, and looking ahead, it is hard to make a calucated judgement on how the future will hold, So my post was how I viewed the market there and then.

    The similar thing with NCP, I have a view that NCP will head towards 15+, but at the beginning of the month I still look for a reversal back to the monthly 50% levels before it 'can' begin its journey once again.

    from 13.75 back to 12.66.

    How I trade it too those levels is a daily adjustment.

    And CBA is exactly the same, a reversal in the early part of Sept and look for a conitinued move down to the 3 month lows. It doesn't mean CBA will go to 26.13, it just means that's my view and I'll trade it when the variables are alinged.

    The same thing for QAN, my view is still for it to rise to 4.04, and i'll trade it to that point.

    Once I understand the market structure of the bigger picture as per timeframes, I'll get into it when things line up.

    As for CBA, yes, short from Wednesday and short again today....

    Cheers.
 
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
CBA (ASX) Chart
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