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Is it time to book profits in CBA & ALL?

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Question asked 27/05/2021

Is it time to book profits in CBA & ALL?

Thanks for the commentary. Is it time to take profits on Aristocrat and CBA?

Regards

Ram

Answer

Hi Ram,

As we’ve said a few times recently MM remains bullish Commonwealth Bank (CBA) being happier buyers of $5 pullbacks as opposed to sellers of strength. As for Aristocrat (ALL) we clearly took profit too early, if we were long today we would be running a stop under $38 and letting the position run know if has broken out.

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Aristocrat (ALL)

LAST UPDATED 27/05/2021 18:12

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