CBA 0.25% $158.19 commonwealth bank of australia.

$62 whenever it happens - maybe maybe not, page-9

  1. 2,172 Posts.
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    well we got down to 65$ which wasnt bad only 5% of TP


    I didnt buy as I thought it would have went a bit lower  - oh well that investing.


    Now we have had a little bit of a reprieve but still below the medium and long term upper trend lines. There are some clear s&r lines. On the downside if we want to see a continuation of the downward momentum will need to break 68$ and 65$. On the otherhand a break of 72$ could see a return to the upper LT channel - a break to the upside there would be significant.


    As all know and based on my view of fundamentals blah blah blah I sticking to the downside case (until invalidated by upper breaks as noted) for now but I have mentioned b4 key will be US china trade and lets c what happens at the G20

     see the graph which by the way is not representing a worldview and all econmic factors - its just a cba price chart - what you read into is upto the individual.


    https://hotcopper.com.au/data/attachments/1363/1363418-237d68d961c6ff52dad723a43bb38da0.jpg

 
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