when look at from a longer time frame one can c where we heading - with the upleg earlier in week suggest we prob get to the 62$ in December. But for all the purist out there thats just an estimate. The important thing to note is this stock is in a DOWN TREND (note the acceleration) thus I MMP will not be buying until we see a bottom forming.
Theres a big elephant in the room of course and thats US China trade - u get some good news on that then i think we would see an upleg - whether thats a trend reversal is to be seen and will wait before commenting on that as will need to assess at that time.
$62 by end oct / mid november, page-158
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Last
$144.45 |
Change
1.600(1.12%) |
Mkt cap ! $241.7B | |||
| Open | High | Low | Value | Volume |
| $143.50 | $144.45 | $143.10 | $250.0M | 1.734M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 531 | $144.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $144.45 | 2522 | 1 |
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| Last trade - 16.10pm 21/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |