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CWLTH BANK NYR3QUTCC

CWLTH BANK NYR3QUT

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CBAPM trade ideas

Short Commonwealth Bank of Australia at 156.25 Target 132Hello Followers Id like to take another shot at shorting CBA here due to the interesting risk reward setup. I had failed trying to short this once in the 130's and have been patient waiting for another setup. Fundamental Reasons: -Potential rolling over of the Australian housing market. -Extremely high valuation Technical reasons: -False Breakout above the 162 level that got heavily sold - So far the retracement bounce has hit the 1st Fib level at 156ish, bringing about a great risk reward setup. Stop 160.2. Target 132.00 Risk/Reward 6:1 ! Thanks! Kavi
AShort
by kavijh
Buying idea CBACBA just like the WBC bouncing back from 50 day moving avg. market sentiment positive and these two shares should see taking off again to highs we show few weeks a go. stop at 132. DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such.
ALong
by Gihanhemachandra
Analysis: Bullish Channel: two situationsFirst of all we are in an uptrend and we will not go against this trend because we are above the vwap indicator. However, we could have a continuation of this uptrend if and only if we break the resistance line with strength by a large green candle and followed by large green volume. On the other hand, we could also have a reversal of the trend, ie a downtrend. But this can only come true when the support line and the vwap indicator have been forcefully broken by a big red candle and accompanied by a big red volume. Thanks.!
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by PAZINI19
Buy CBA stop 137.7Buying CBA with a stop at 137.70. share broke the all time high last week and looking to test it again. ASX at all time high level, looking very strong momentum. we could see a break out in price with high alpha if this price action continues. DISCLAIMER: The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such.
ALong
by Gihanhemachandra
Buy CBA @ 129bought CBA @ 129 with 3% stop, given substantial reveal over 9% from high with major market crash, CBA look to get it head up again if Mkts start recovering from here. Earnings is due in 5 days so be ready for volatility but this could also work to advantage if markets also get stable. CBA bounce from 50day Moving avg every time during this up uptrend stage so this reversal support this trend. this trade is for short term gain and would look to finance the risk as soon as possible or cut the risk by half if not work our way.
ALong
by Gihanhemachandra
1
(ASX) CBA: 12 APR, 2024© Master of Elliott Wave Analysis: Shane Hua (CEWA-M). (1D Chart): Details: The short-term outlook describes that the 1-red wave has peaked, and the following 2-red wave is likely to unfold as a Combination pattern to continue pushing lower. A rise above 124.54 would indicate that the 2-red wave has ended earlier than expected, and the 3-red wave is returning to push higher. This wave count is conducted because the price action from the low of 111.56 rising to the high of 121.54 occurred in Three-waves, suggesting to me that the 2-red wave still appears to be developing into a more complex pattern with a WXY or ABC structure with (3-3-3). Invalidation point: 96.15
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by ShaneHua
CBA weekly ideas: neutral After the 2020 dump and recovery to new all time highs in Nov 2021, price could move sideways/down for some time e.g. until late 2024/early 2025, until a new uptrend. This is if it fails to push past $110 to new all time highs in the short term, in a scenario similar to 2008-2009. Key levels are around 110.19, 93.60, 77, 60.42 such that: 1) Above 110.19 and then a move higher to 126.78 is possible 2) Below 93.60 and a move lower to 77 is possible 3) Below 77 and revisiting 2020 lows is possible.
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by Arctic9
CBA shorts get readyCBA on its final 5th wave. money printing has helped the banks maintain solvency. if only every business could get a bailout/backstop. Im expecting an unexpected event no one is talking black swan for years now. I pay $15 for a sandwich. but rising rates will not stop inflation and printing money will not save the banks this time. Gold is the economic indicator telling the market how things really are. We've been in recession since 2020 real economic growth is more than inflated house prices.
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by RogueCleaner
2
Commercial Bank of Australia..Everyone seems concerned by a run on the banks of late. Then the question came, is this an isolated event? Is this a US banking crisis? Or is there evidence for contagion? The answer was surprising. Silicon Valley Bank had indeed printed a strong bearish divergence with sell signal back in December 2021. Are other banks doing similar? First contender is the Commonwealth Bank of Australia. On the above 2-week chart a double top bearish divergence is confirmed. Not dissimilar to SVB. Two obvious areas of support exist. The strongest at $80 and the first support at $86. The $80 level of support has existed for 30 years (see monthly chart below). Will the 30 year support level hold? There is a high probability. The short term the chart is incredibly bullish with a probable move to $115. After that, be short. Ww Monthly chart Daily chart
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by without_worries
10