Jeffo - I concur with you views. For me CBA looks ready for a run .. the below charts fundamentally look strong for a move forward ... but the points you raised do appear to be pulling CBA back (more than the other banks it appears) ... and my main concerns is the threat of any sudden correction in the broader market - which for me is more likely than not (more gloom than boom). With the market treading water .. I am very edgey on this trade. - BUT IN A NORMAL TRADING ENVIRONMENT my trading rules would have this as a buy.
http://i826.photobucket.com/albums/zz187/tjwhutch/th_CBAweeklystochs.jpg[/IMG]
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Last
$138.89 |
Change
-0.610(0.44%) |
Mkt cap ! $233.4B | |||
| Open | High | Low | Value | Volume |
| $139.35 | $139.63 | $138.67 | $31.78M | 228.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 325 | $138.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $138.95 | 35 | 2 |
View Market Depth
| Last trade - 10.36am 02/09/2024 (20 minute delay) ? |
| CBA (ASX) Chart |