CBA 0.62% $132.47 commonwealth bank of australia.

This is a really bad investment basis, that beccause it's...

  1. 1,560 Posts.
    This is a really bad investment basis, that beccause it's oversold (which at the time you mentioned, was $76.91, $75.59 now) it can't go lower. I suggest you checkout the technicals on the US index, which are now incredibly bearish with key support broken - we will follow the US, and atm I can't see anything to make it rise except more QE - a low RSI doesn't mean she'll swing back up hard - it means you are likely to get a bounce followed by further selling to a lower low. Big funds and shorters are looking at those technicals and jizzing themselves no doubt.

    It is likely to take a long time for the $71.50 shares to be distributed. At this stage Id be looking for a test of the $73 zone for any buying. Not a holder or shorter, watching from the sidelines.
    Last edited by casperwjt: 21/08/15
 
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$132.47
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$132.75 $133.30 $132.33 $55.07M 414.8K

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No. Vol. Price($)
2 8 $132.46
 

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Price($) Vol. No.
$132.47 49 3
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