CBA – Commonwealth Bank Ltd

These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use

Code:

Company Name:

Sector:

Size:

Confirmed Trend:

CBA

Commonwealth Bank Of Australia Ltd

Banks / Financials

ASX Top 20

Commentary:

Commonwealth Bank of Australia is still in a medium term up trend, according to trend line and Dow theory. CBA usually makes a trend line and a Dow theory exit around similar times.

The medium term up trend will remain in tact until CBA makes either of the two above exit signals. As a fail safe or trailng stop loss, a close below $51.30, the previous trough could be used.

Click the chart below to enlarge: