Potential Buy Entry Alert CBA
Time Frame : Weekly
Sector : Banks
Key Stats : $122.5 Billion Market Cap, VWAP 70.006, ASX Ranking 1, PE Ratio 12.1, Dividend Yield 6.18%.
CBA – Commonwealth Bank Of Australia
CBA has been sold down into a major support zone where we are today seeing a reaction higher. Price has a lot of work to do to restore some confidence with investors but the zone for buying may prove to be enticing to traders. We are now on watch for price to build higher lows of the 70.00 zone as buyers step in to lift price higher.
Stock Code : CBA – Commonwealth Bank Of Australia
Company Website : www.commbank.com.au
Current Price : 70.45
Status : On watch for buy entry setup