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Commonwealthbank

CBA Daily TimeframeSNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly however it can work any timeframe above three minutes. Start believing in this strategy because it will reward believers with huge profit. There is a lot more about this strategy. It can predict and also it can give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
ASX:CBAShort
by hadimozayan
2
Commonwealth Bank Long Setup After seeing the Banks in a major consolidation for almost 5 years now it seemed like an appropriate time to back them based on the long term bull channel with strong support levels. No current material Take Profit in mind with discounted shares bought for long term dividend reinvestment plans being the goal for this one. Based on where we are in the channel it probably is still a relatively discounted period if that next horizontal support does not cause a turn around. Do your own research! Happy Trading
ASX:CBA
by ichtusb
sit tight & get ready to ride upi think currently market is trying to consolidate and soon it will resume up trend and bulls will take control of market, because: 1. price is continuously above 200 days moving average. 2. during last three weeks for 5 days price gone above 50 days moving average. 3. most of the volume is in the range of $70.80 - $72.20 range which is above 200 days moving average and pretty close to 50 days moving average. 4. based on last one year volume price comparison next targets should be: 4.1. $77.00 - $78.50 range 4.2. $78.50 - 80.00 range I think we are not to far from upwars breakout. if you like my ideas please give me thumbs up or leave comments. i think not may people are sharing their idea on this asset. i would really appreicate and incouraging if you consider donating some Tradingview coins. P.S: These are my own notes for future refernce, by no means trading advise to anyone. please do your own research before entring into any trade.
ASX:CBALong
by AsimMirza786
1
Prive Volume Analysis - $77 - $78.50 range is possibleif we have price /volume comparison, it's pretty obvious that market likes the price between following ranges based on volume: 1. 67-69 range 2. 70 - 71 range (current range) 3. 70 - 72 range based on last one year data,I think 77 to 78.50 range is actually where more trades took place than 70 - 72 range. given this scenario, I think if we get some decent volume and some good news price will easily touch 77 - 78.50 range. I am still pretty bullish on this asset, as it's holding it's position very well. p.s: please note these are my own notes and by no means trading advise to anyone. please do your own research before entering into any trade.
ASX:CBALong
by AsimMirza786
1
what if 67.70 support failsi don't see major support if 67.70 support fails, in that case price would go all the way down to around $60.10. next considerable support zone are 67.50, 65 - 64 then 62 - 61. May be good strategy for long position is to buy in stages. stage 1: 67.70 zone stage 2: 65-64 zone stage 3: 62-61 zone. P.S: please note these are my personal notes for my future refernce and by no means trading advise to anyone. please do your own research before entering into any trade.
ASX:CBAShort
by AsimMirza786
Elliott Wave in a chopping situationI think I can see Elliott Wave pattern but not sure how it's going to happen in current market situation. I think the trend is still upwards (which is great) but for next few days price will swing between support & resistance 72.300 and 74.50. since today's run was reasonably good after 5 days of price correction. I would be keeping an eye on tomorrow's market situation especially how it opens and closes. I think we should expect next bull run soon.
ASX:CBALong
by AsimMirza786
1
good support at 72.300As I noted in my previous idea, that it's going to get support at 72.300, which it is getting at the moment. As it can seen in hourly chart. At this point it is still in upwards channel but it it falls below support level it can possibly fall below the up trend channel and come down below 72.00. with current market sentiment it's bit difficult to decide to make a trade. I think I will wait see see how it looks like at market closing. Please note these are my own notes for my reference and by no means trading advise to anyone. please do your own research before entering into any trade.
ASX:CBA
by AsimMirza786
3