CBA 2.07% $101.71 commonwealth bank of australia.

cba, page-2

  1. 5,823 Posts.
    Hmmm... IMHO resistence developing at $27.45 and with the weakness today there might be questions as to where next support level might eventuate ...

    Recent Volumes have been modest and SELLERS dominated again today ... those accumulating seem to be doing so quietly.

    Further consolidation at these levels would auger well for a technical reversal which was triggered 12/11/02 and having stalled at $27.45 is now overdue ...

    Many feel there are structural weaknesses within CBA leading to recent price action ...

    IMHO a break above this $27.45 required to trigger the LONG with next at Fib(23.6%) at our old but patient friend at $28.55 ...

    Thrillseekers might want to steer clear of the Warrants for awhile until the current sillyness sorts itself out ...

    Cheers ...

    This is only my view ... read the red stuff.
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