CBA a short opportunityThe price action is moving in a pennant since 29 Aug 18 which is getting squeezed. Now the price line hits the 200MA resistance, pivot 1st resistance and the pennant's resistance. If we take the complete pennant in fixed range of volume profile then it can be easily seen that sofar the trader's interest in this area is less. Moreover the price action has formed a complete bearish shark pattern and completed the last leg and entered in potential reversal zone. The indications are more in favor of bearish move at the moment so it can be sold here and can be bought again between pivot point and 100 SMA support which is around 72.54 to 71.42. The targets are: Sell between: 74.40 to 75.55 Can be bought again between pivot and 100SMA support Regards, Atif Akbar (moon333)Shortby moon333Updated 3
$CBA $70.78 short Thx for the heads up Mr Hugh HNLcapitalChart has notes on what weakness looks likeShortby nfury80
$CBA the end is nigh?Really not liking this weekly chart. Gap down outside of the support line and well below the 30 week WMA. Still 4 days in the week but if it stays outside of the trend line I think it's only down from here and possibly last time above $70.by hlncapital1
CBA Down trend buy optionsBuying opportunities. 58-62 (0.5 fib little support) 52-53 (0.38 fib with strong support). by s.anselam0
[COMMONWEALTH BANK OF AUSTRALIA] SIMPLE SETUPSpeculative bearish setup... If you think this analysis can be useful, leave a your comment or your LIKE! Thank you for support and trade with care!Shortby TheAnonymousBankerUpdated 4428
Can we go Lower?If we continue to trade in the channel we may continue to go lower and find a bounce in the area suggested(possible end of ABC correction) and that will be the sign of a trend reversal, however a breakout to the upside out of the channel could also dictate the same, would like to hear thoughts.by Swoop63
$CBA in DT channel and range zoneprice has broken to the upside 4 times in the past of this range zone in yellow. It looks to test the range's support again within the red channel. by crashman1115
$CBA $70.28 doin a death roll PER requestChart has notes Bet it doesnt stop next time it pauses on support Too slow for me but entertaining all the same See tls.ax for a similar slow death, now in recoveryShortby nfury82
CBA - Long - 6% by End of Year- Just a simple observation, price is bouncing around the level. - Looking at it , it has gone up for a 2 month period then down for a 2 month period. - Looking to go LONG , on the DAILY . So possible 6% growth by 2019 . What do you guys think? Just by looking at the chart on the daily ?Longby Gold_Fish_Trading111
CBA Trade AnalysisCBA bounced at the support trend line around 74.89 and closed today's session at 75.24 down by - 0.87%. Future Support and resistance estimates are marked on the chartby Rotuma1
$CBA ST weakness in bullish patterngeneral analysis at this stage watching for potential setup. See annotationsby crashman111Updated 443
CBA short-Huge 9 year pattern -Lower boundary tested many times with out of line moves -Established medium term downtrend -50SMA is firmly below 200 SMA weekly -Daily retest of underside of horizontal boundary friday close -Measured move down to 44.37 30 basis points of risk Could prove quite difficult to trade such a large pattern. If I am stopped out, will wait for a continuation pattern to get short againShortby TomKirkUpdated 443
CBA - Time for an accumulation?The price has been falling since early 2017 from the peak around $88.00. This drop has been a "healthy" one as we are seeing this as a correction for a longer term accumulation to the upside. Some quick fundamentals to support the upside - 1) Revenue has been increasing for the past 5 years; 2) Net income has been increasing for the past 5 years; 3) Dividends have been increasing for the past 5 years; 4) FCF has been fluctuating up and down, but has greatly increased for the TTM; and 5) Net margin has been increasing for the past 5 years. On the technical side of analysis, $66.50 to $68.62 present a very decent area for accumulation, potentially towards $75.59 and $77.23. We are looking at this setup as a potential dividend play trade as well, which mean we are interested to hold on to this trade for a longer term. **This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.Longby KarYong6
CBA - short to medium term share price forecastThis is an update of my original chart created at the beginning of March 2018.just added extra support and resistance to the chart. There were some interesting moves to the upside towards the end of April 2018, I was monitoring closely for a signal of changes to the direction of price movement as volume and momentum serged to the upside in hope of breaking out of the downward price channel. unfortunately, share prices had two failed attempts and gapped down on 9th of May 2018. Share prices closed the last trading session in the middle of the price channel at 70.53 down by -0.63%. Share prices need to hold the current support at around 70.54 before any attempts to get back up to the top of the price channel at around 71.21 and 71.28. Failure could see prices fall to the next two support at around 69.82 or 69.24. There are other support and resistance marked on the chart for future references.by Rotuma1
The Big Leverage - lookin for a big yellow, in 6 inch stilettos Support $70 Bank housing loan book performance worst since the GFC looks heavy AF, 10% gross yields might provide some support. Plenty cockroaches in the kitchen from Money Laundering to Fraud, negligence and market manipulation I will be shorting "The Big Leverage" until Sydney property bottoms out. Shortby ziptrade1
Bearish on CBAI think the broader market cycle for CBA has reached it's highs and unless we break above $88 we're probably going to drop down to the $48 -$52 zone. The last 3 monthly candles look bearish.Shortby evilkaneevil1
Long if it pops above the triangleIf it pops through the triangle, we can expect a $20 gainby Patpatha2
CBA / ASX entering the long waited bear market, keep an eye on Following S&P correction, the biggest weigh on Australian index is triggering a nicely formed head and shoulders pattern on the daily, ideal short would be when it pullback, if it doesShortby isouzaUpdated 6