CBA / ASX entering the long waited bear market, keep an eye on

Short

COMMONWEALTH BANK OF AUSTRALIA. (ASX:CBA)

Updated

ASX:CBA COMMONWEALTH BANK OF AUSTRALIA.

Following S&P correction, the biggest weigh on Australian index is triggering a nicely formed head and shoulders pattern on the daily, ideal short would be when it pullback, if it does

Comment:

Quick update: Moving my stop to break even, might take advantage of this morning's gap (if / when closed) to add more shares to my position. Target seems very realistic considering global markets situation.

Comment:

Target reached this morning, might want to cover your short position

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