CBA 0.80% $99.90 commonwealth bank of australia.

*** CBA downside by mid week

  1. 346 Posts.
    The CBA share price has risen from $30.80 to $32.20 in just over a week. Since Last Monday, COMsec has been buying approx an average of 500-600K shares per day for the DRP which ends the LATEST this Friday. This could in fact end by Wed as they have bought ahead of this pace so far to fullfill the DRP requirements. The big boys aware of this and have squeezed the stock higher especially last Mon to Wed. The stock has now hit a resistance level $32.25 today. It closed the previous gap level and is at a horizonatal resitance level on the charts. The momentum over the past few days have also slowed. Once this BUYback pressure is lifted some time this week, expect the price to fall back rapidly. In fact, the Big boys will know this and they will start selling before COMSEC has in fact completely the buyback. The time to get in is NOW.

    Strategy: Buy Put Options, warrants, Sell Call Option Spreads.
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Mkt cap ! $178.6B
Open High Low Value Volume
$100.03 $100.35 $99.78 $28.71M 286.9K

Buyers (Bids)

No. Vol. Price($)
3 205 $99.89

Sellers (Offers)

Price($) Vol. No.
$99.91 1094 4
View Market Depth
Last trade - 10.58am 28/07/2021 (20 minute delay) ?
-0.810 ( 0.75 %)
Open High Low Volume
$100.04 $100.36 $99.65 20337
Last updated 11.19am 28/07/2021 (live) ?
CBA (ASX) Chart
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