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 does
The forecast for Commonwealth Bank stock prices is steadily higher through to the end of December, however, it looks like a very short-term consolidation or even pull-back is likely. The ideal buying opportunity is shown in the chart when the oscillator is bright green as this oscillator is always green when the stock makes a medium-term low. When the oscillator...
This is a test recommendation for ASX:CBA .
CBA has been trading sideways causing the ADX indicator to reach a low level. This is indicative for the beginning of a new trend. With dividends being paid in late Feb an upside breakout is probably more likely.
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...
