CBA @ 28 OCT 2021

Text me if you have any questions/comments for me.

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CBA
- First time doing a written analysis on CBA
- During the FB livestream on 24 Oct, I suggested the stock is worth a look if there is a successful breakout of the strong resistance (orange line)
- Stock has some history of uptrends but also suffers from sudden strong pullbacks
- Today’s close is above the strong resistance but was no accompanied with above average volume
- A successful breakout is above 107.50 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry if believe the stock is capable of forming new all-time highs