CBA Approaching price target..
Following the BUY call on CBA on the 19th December the Inverse head and shoulder pattern
neckline has been tested with a strong rally back towards the price target.
The weekly chart shows Primary trend is UP.
Comments 19th /December/2014
There have been numerous calls to sell the banks.
This strategy may prove a little short sighted.
CBA has approached the all time high with momentum.
Inverse Head and Shoulder pattern with price approaching the neckline.
The price target set at $92
While its never a straight move the Primary trend is UP.