CBA 0.14% $134.16 commonwealth bank of australia.

timing to go short, most here got it so wrong!, page-6

  1. 22,593 Posts.
    WW, excellent cranker

    ...

    CBA is on target to have the lowest monthly volume for 5years

    It's also (atm) got a narrow spread

    It's also an upbar

    It's also just cleared a resistance level dating back Apr10

    It's also sitting within earshot of another big resistance level, which happens to be its all time high, of Nov07,

    That high also happens to be the top of the markets before they crashed into the GFC

    It's doing all this, with (atm) a narrow spread, low volume and as an upbar, has to change quickly, cause atm its certainly not looking like the king of the banks, sitting up here, more like cannon fodder.

    Monthly chart



    P.S. by months end its volume may tally abt 53M
 
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