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Easy Trade - Mean Reversion
COMMONWEALTH BANK OF AUSTRALIA
Long
Easy Trade - Mean Reversion
By warhog
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Updated
Dec 23, 2021
2
Nov 29, 2021
Hit by fears of inflation and now fears of Omicron (the transformer). Looking like an easy long for a bounce towards $100.
MACD showing a move towards zero line.
Tight stop at current low of $92.70
Large market cap straying too far from it's True Range.
Already green on this trade but would be nice to get at least another $3.
Dec 7, 2021
Note
Closed position
Dec 23, 2021
Trade closed: target reached
Technical Indicators
warhog
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