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COMMONWEALTH BANK OF AUSTRALIACOMMONWEALTH BANK OF AUSTRALIACOMMONWEALTH BANK OF AUSTRALIA

COMMONWEALTH BANK OF AUSTRALIA

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CBA trade ideas

CBA - Time for an accumulation?The price has been falling since early 2017 from the peak around $88.00. This drop has been a "healthy" one as we are seeing this as a correction for a longer term accumulation to the upside. Some quick fundamentals to support the upside - 1) Revenue has been increasing for the past 5 years; 2) Net income has been increasing for the past 5 years; 3) Dividends have been increasing for the past 5 years; 4) FCF has been fluctuating up and down, but has greatly increased for the TTM; and 5) Net margin has been increasing for the past 5 years. On the technical side of analysis, $66.50 to $68.62 present a very decent area for accumulation, potentially towards $75.59 and $77.23. We are looking at this setup as a potential dividend play trade as well, which mean we are interested to hold on to this trade for a longer term. **This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach. The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
ASX:CBALong
by KarYong
CBA - short to medium term share price forecastThis is an update of my original chart created at the beginning of March 2018.just added extra support and resistance to the chart. There were some interesting moves to the upside towards the end of April 2018, I was monitoring closely for a signal of changes to the direction of price movement as volume and momentum serged to the upside in hope of breaking out of the downward price channel. unfortunately, share prices had two failed attempts and gapped down on 9th of May 2018. Share prices closed the last trading session in the middle of the price channel at 70.53 down by -0.63%. Share prices need to hold the current support at around 70.54 before any attempts to get back up to the top of the price channel at around 71.21 and 71.28. Failure could see prices fall to the next two support at around 69.82 or 69.24. There are other support and resistance marked on the chart for future references.
ASX:CBA
by Rotuma
CBA Set to Take Breather?The forecast for Commonwealth Bank stock prices is steadily higher through to the end of December, however, it looks like a very short-term consolidation or even pull-back is likely. The ideal buying opportunity is shown in the chart when the oscillator is bright green as this oscillator is always green when the stock makes a medium-term low. When the oscillator turns bright red it typically signifies a short-term high in the next few days and an opportune time to sell a call option, in expectation of either a slowing of momentum or slightly lower prices. Based upon the analysis it would appear prudent to await a better buying opportunity than what is currently shown.
ASX:CBA
by andrew.gibbs777
CBAUF - Commonwealth Bank of Australia -25% since MayCommonwealth Bank of Australia (ASX: CBA) There are some factors that affect CBA Recent downturn in Australian econmy, with the decline of ASX. Australia’s largest bank joined bear market. Housing market is reaching peak, house price is going back more afforable, home loan is a main part of Monopoly Banking game.The banking regulator has forced major banks to slow down their residential investor lending (by increasing investor interest rate). www.investopedia.com Dividend yield now is less attractive which means less buyers. Comment: at this market condition, expecting share price continues decline till the year end. Note: TA analysis on chart Thank you for your reading. MichaelTran
OTC:CBAUFShort
by MIchaelTran