This is a monthly candlestick chart of the Commonwealth Bank of Australia depicting the growth of the share-price since 1997, courtesy of Metastock and Paritech data. After forming a head and shoulder pattern in 2014 and 2015. the share-price rallied… Read More ›
Switching stocks for portfolio growth
The principle is sound. Sell the poor performers in your portfolio, and use the capital to increase your weighting in the better performers, or to acquire stocks with superior growth prospects. Selling one stock to buy another in the same… Read More ›
It’s the prerogative of markets to change their mind.
Followers of technical analysis should never get too cocky. The reason. Corporate stories are never concluded as long as they remain listed, and the share-prices ebb and flow in response to the prevailing winds. To illustrate, five days ago I… Read More ›
CBA Revisited. ?Undergoing a change in trend.
This is a basic candlestick chart of the Commonwealth Bank of Australia, Australia’s largest bank. It is a daily chart extending back over the past eleven months that features a number of support and resistance levels. This post takes another look… Read More ›
Are Predictions worth making? Chart update of CBA.
https://tenbagsfull.com.au/cba/prediction/2015/2/3/cba-strong-upwards-momentum-when-will-it-stall-94-000-by-31-05-2015/627 The community website “Ten Bags Full” features contributor’s’ predictions, and follows them through to their conclusions. It is one thing to set a target price to be attained, and a much more challenging or impossible task to suggest a date for… Read More ›
? Switch to Which Bank. The Rise and Rise of CBA.
I have chosen to check the charts for the Commonwealth Bank of Australia after it announced an outstanding profit report for the first half of the 2012-2013 financial year. The CBA is Australia‘s second largest company by market capitalization. Highlights… Read More ›