MIchaelTran
Short

CBAUF - Commonwealth Bank of Australia -25% since May

OTC:CBAUF   COMMONWEALTH BANK OF AUSTRALIA
83 0 5
a year ago
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
5 months ago
Trade closed: stop reached: !!
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