##{"id":57075,"date":"2010-08-19T11:06:19","date_gmt":"2010-08-19T01:06:19","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2010\/08\/19\/techwizard-reports-positive-bias-for-commbank\/"},"modified":"2010-08-19T11:06:19","modified_gmt":"2010-08-19T01:06:19","slug":"techwizard-reports-positive-bias-for-commbank","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2010\/08\/19\/techwizard-reports-positive-bias-for-commbank\/","title":{"rendered":"TechWizard Reports Positive Bias For CommBank"},"content":{"rendered":"

\n\tBy Rudi Filapek-Vandyck<\/p>\n

\n\tFrom a technical perspective, shares in CommBank ((CBA)) should trading with a positive bias, reports the TechWizard. He has observed how the shares found solid support at the bottom Bollinger band. They have subsequently risen to higher price levels.<\/p>\n

\n\tThe TechWizard is of the view that as long as $49.52 holds the top Bollinger band at $54.25 should remain the stock's primary target.<\/p>\n

\n\tThe Wizard also observes the moving average is flat (white line in the middle). In addition, the MACD indicator is bullish, but only just.<\/p>\n

\n\t $\"\"$ <\/p>\n

\n\tCombining all of the above he reports a buy the dips approach seems but the correct one.<\/p>\n

\n\tThe TechWizard is the pseudonym of Scott Morrison, whose experience in financial markets exceeds twenty years. Morrison operates his own website nowadays at www.techwizard.com.au<\/a> The views expressed are the TechWizard's, not FNArena's (see our disclaimer).<\/p>\n","protected":false},"excerpt":{"rendered":"