Potential Buy Alert CBA

CBA – Commonwealth Bank Of Australia

CBA is showing some positive long term signs as price kicks up out of contraction as buyers step in. Price has potentially built a major higher low around the 72.50 zone which could easily see price push into new highs. We firstly expect to see a push up to around 87.50 where we expect to see a reaction lower. Watching now for a higher low and buy entry setup.

Stock Code : CBA – Commonwealth Bank Of Australia

Company Website : www.commbank.com.au

Current Price : 81.12

Status : On watch for buy entry setup