When brokers advise "all clients" to buy it usually means institutions are selling, it's called the distribution phase, I am not an expert in banking stocks however just checked the CBA 3 yr chart, looks neutral to slightly bearish. In my opinion your only hope of a turnaround in the banking stocks is a bullish interest rate scenario, cannot see that happening until mid next year, but then again stocks respond to anticipation, so you may be right.
Cheers
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Last
$127.38 |
Change
1.180(0.94%) |
Mkt cap ! $213.1B | |||
| Open | High | Low | Value | Volume |
| $127.00 | $127.61 | $126.27 | $277.5M | 2.190M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1360 | $127.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.38 | 37154 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CBA (ASX) Chart |