An observation from this arvo's trading in CBA.....
The downward move from the all time high of $34.94 to the most recent low of $23.05 equated to a total movement of $11.89. A 61.8% retracement of this movement equates to $7.35 or a price target of $30.40.
Today, CBA hit $30.42 and what happened then .... it fell apart on very high volume in the last hour of trading!!
Is this significant? I am not sure yet, but would appreciate others thoughts.
Regards,
Jaysee
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 (20min delay)
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Last
$177.57 |
Change
-2.190(1.22%) |
Mkt cap ! $297.1B | |||
| Open | High | Low | Value | Volume |
| $178.00 | $178.80 | $177.17 | $283.1M | 1.592M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5705 | $177.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $177.58 | 2089 | 3 |
View Market Depth
| Last trade - 16.10pm 16/07/2025 (20 minute delay) ? |
| CBA (ASX) Chart |