AFF Member Stock Discussion

[RooFlyer]

Broker very strong today ..sell cba….maybe I will now sell a few
Broker can't go wrong really.. arguably at the top with a correction awaiting stage right

Yes, I let a few CBA go today. Can’t believe that there won’t be a bit of a fall coming up.

 

[tgh]

With my luck it will be bidding at $135 on monday…..

 

[cove]

Yes that was a big day for most of us. We had a long lunch so all I did was get some AN3PI before the price moved up. These go ex dividend on December 5th which isn’t too far away. That is an ANZ Bank hybrid that finishes in March,2028.

 

[SydneySwan]

What are the charts telling us about CBA? I have a friend who insists CBA are a strong buy up to $200! He never seems to have any money though.

 

[Mr_Orange]

What are the charts telling us about CBA? I have a friend who insists CBA are a strong buy up to $200! He never seems to have any money though.

It's a bit hard to say where it might go to. When a stock is making new all time highs, there is no overhead resistance. Looking back over the last few years, there was resistance around $110, and it was rangebound for couple of years. That level subsequently became support once the price broke through it.

I think we might see a pull back around the $166-168 mark, but that won't necessarily be the top.

It will be interesting to keep an eye on CBA and see what happens though.