MIchaelTran
Short

CBAUF - Commonwealth Bank of Australia -25% since May

OTC:CBAUF   CMNWLTH BK AUSTRALIA
94 0 5
Commonwealth Bank of Australia (ASX: CBA             )

There are some factors that affect CBA            
Recent downturn in Australian econmy, with the decline of ASX             . Australia’s largest bank joined bear market.
Housing market is reaching peak, house price is going back more afforable, home loan is a main part of Monopoly Banking game.The banking regulator has forced major banks to slow down their residential investor lending (by increasing investor interest rate). http://www.investopedia.com/ask/answers/032315/how-does-decline-housing-prices-affect-banking-sector.asp
Dividend yield now is less attractive which means less buyers.

Comment: at this market condition, expecting share price continues decline till the year end.
Note: TA analysis on chart

Thank you for your reading.
MichaelTran
Trade closed: stop reached: !!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out