Are the banks coming out of the fog to sparkle again

Potential Buy Entry Alert CBA

Time Frame : Weekly

Sector : Banks/Financial Services

Key Stats : $128.29 Billion Market Cap, VWAP 73.433, ASX Ranking 1, PE Ratio 12.1, Div Yield 6.17%.

Company Overview : Commonwealth Bank of Australia (CBA) is an Australian retail bank. Its core business is the provision of a broad range of banking and financial products and services to retail, small business, corporate and institutional clients. CBA conducts its operations primarily in Australia, New Zealand and Asia Pacific region. It also operates in several countries including United Kingdom and USA. 


CBA –  Commonwealth Bank of Australia

CBA has found some strong buying the previous few sessions to pop its head well and truly above the $69.50/70 support zone. We are now watching for a higher low to build for evidence that buyers have digested the bad news and starting to jump back into the action.

Stock Code : CBA – Commonwealth Bank of Australia

Company Website :

Current Price : 73.72

Status : On watch for buy entry trigger