CBAUF - Commonwealth Bank of Australia -25% since May
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). www.investopedia.com...t-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
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). www.investopedia.com...t-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:
!!