##{"id":63824,"date":"2014-07-07T10:01:14","date_gmt":"2014-07-07T00:01:14","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2014\/07\/07\/break-up-for-cba\/"},"modified":"2014-07-07T10:01:14","modified_gmt":"2014-07-07T00:01:14","slug":"break-up-for-cba","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2014\/07\/07\/break-up-for-cba\/","title":{"rendered":"Break-Up For CBA?"},"content":{"rendered":"

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

Commonwealth Bank ((CBA)) has carved out a one month pattern which may provide us with a trading opportunity over the next few days.<\/p>\n

The strong bounce after breaking below the pattern indicates the odds may have turned in favour of a rally towards 83.50-84.00.<\/p>\n

Before opening longs however we suggest waiting for buy signals between 81.50 and 82.25 over the next few days.<\/p>\n

If however CBA trades back below 81.00 for more than 2-3 days we suspect the slightly bearish structure will gain momentum and turn the odds in favour of a move towards 79.00.<\/p>\n

\n\"\"<\/p>\n

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

Wait for buy signals between 81.50 and 82.25.<\/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 Commonwealth Bank is poised for a break-up out of its recent neagative channel.<\/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\/63824"}],"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=63824"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/63824\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=63824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=63824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=63824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}