CBA 0.96% $122.46 commonwealth bank of australia.

what I have learnt from trying to short CBA, is that it loves to...

  1. 702 Posts.
    what I have learnt from trying to short CBA, is that it loves to have extreme moves, so only only ever short when it has breached its upper bollinger band. To date every time it has it has come back inside with a week, and has been an easy scalp, or at worst a neutral trade.

    The funds love to run the stops on CBA given how strong she is and how the yield on her is the lowest amongst the big 4, hence making her a prime shorting target. Hence cba has wild days.

    Today
    CBA up 1.9%
    WBC up .24%
    NAB up .16%
    ANZ up 1.48%
    The funds love to rotate between the banks, but what is good about CBA is that you never have to worry about missing out on the short in these extreme situations. We have all time high on the monthly chart @ 62.16, we have an interst rate decision which is looking like a rate cut, and given the RBA doesnt meet again until FEB, which and when CBA goes EX divi, playing CBA on the short side, is only ever risk on when she is outside of bollinger bands, and I only go in with half the parcel i am going after initially and only on extreme move days.

    Just sharing my strategy from learning many times from getting burnt trying to short her. Play the bollinger band breaches only on outperforming the market days.


 
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Last
$122.46
Change
1.170(0.96%)
Mkt cap ! $204.9B
Open High Low Value Volume
$121.15 $122.49 $121.05 $272.5M 2.230M

Buyers (Bids)

No. Vol. Price($)
1 2 $122.19
 

Sellers (Offers)

Price($) Vol. No.
$122.47 1465 1
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Last trade - 16.10pm 04/06/2024 (20 minute delay) ?
Last
$122.25
  Change
1.170 ( 0.93 %)
Open High Low Volume
$121.15 $122.48 $121.10 213882
Last updated 15.59pm 04/06/2024 ?
CBA (ASX) Chart
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