##{"id":63135,"date":"2014-02-12T10:24:29","date_gmt":"2014-02-11T23:24:29","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2014\/02\/12\/can-cba-run-further\/"},"modified":"2014-02-12T10:24:29","modified_gmt":"2014-02-11T23:24:29","slug":"can-cba-run-further","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2014\/02\/12\/can-cba-run-further\/","title":{"rendered":"Can CBA Run Further?"},"content":{"rendered":"

By Nick Linton-Ffrost<\/p>\n

Trading tactics<\/strong><\/p>\n

Look for a confirmed break above 77.00 or a higher low to form above 73.00 before opening longs.<\/p>\n

Otherwise look for sell signals if Commonwealth Bank ((CBA)) sits around 73.00 for more than a few days.<\/p>\n

Pre-empting the break is not recommended.<\/p>\n

Rationale<\/strong><\/p>\n

CBA remains in a corrective structure which may be the base for another rally towards 81.00 or a five wave corrective dip to 69.00.<\/p>\n

If trading from the long sides we suggest waiting for a higher low to form above the bottom of the pattern around 73.00 before opening longs or trading a confirmed break above 77.00.<\/p>\n

If CBA pulls back and sits around 73.00 for a few days the odds turn in favour of a deeper corrective structure towards 65.00-69.00.<\/p>\n

\n\"\"
\n <\/p>\n

Another trading idea from<\/strong><\/p>\n

Fifth Wave |<\/strong> fwtc.com.au<\/strong><\/a>                                               <\/p>\n

FW generates over 150 Trading Alerts on the ASX100 each year. We are a subscription service specialising in short term technical strategies based on 27years experience<\/strong>.<\/strong><\/p>\n

 AFSL 319830 |<\/strong> Disclaimer<\/strong><\/a><\/p>\n

Reprinted with permission of the publisher.<\/em> Content included in this article is not by association the view of FNArena (see our disclaimer<\/a>).<\/em><\/p>\n

Technical limitations <\/strong><\/em><\/p>\n

If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.<\/strong><\/em><\/p>\n

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Nick Linton-Ffrost of Fifth Wave suggests a short-term trading idea in Commonwealth Bank.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[90,91],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/63135"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=63135"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/63135\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=63135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=63135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=63135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}