hi kiddies,
chart below for CBA shows my expectation for a dip to somewhere between $28.90 & $27.90 within the next couple of weeks. If this view is borne out, then CBA shouldn't go back above $30.14 before the low is posted.
looking a bit tenuous with the div coming up next monday - previous years CBA rallied to the div date then dropped by ~$2.00. Could be the wave count shown is wrong - ultimately, I don't care, because it could even go above $30.62 again without killing the Wave 4 theory, which is: CBA has to post a low between $28.90 and $27.90 by the first week of Sep, and then a rally will take CBA back to new heights in the lead-up to Christmas 2003.
but it would be nice if CBA just rolled over now and kept my nice chart pattern intact.
(if CBA actually gets below $27.90, that will change the long-term view to bearish, but even then CBA should still have a rally to new heights leading up to Christmas 2003.)
at the end of the day, time will reveal the truth. don't trust what i say, make sure you set stops before you trade.
regards,
ultrafart.
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Last
$133.79 |
Change
-0.560(0.42%) |
Mkt cap ! $224.1B |
Open | High | Low | Value | Volume |
$134.30 | $134.50 | $133.00 | $174.7M | 1.305M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
40 | 3303 | $133.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$133.81 | 137 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 412 | 133.830 |
10 | 332 | 133.820 |
1 | 148 | 133.810 |
9 | 2566 | 133.800 |
4 | 228 | 133.790 |
Price($) | Vol. | No. |
---|---|---|
133.850 | 294 | 9 |
133.860 | 299 | 8 |
133.870 | 309 | 6 |
133.880 | 448 | 11 |
133.890 | 432 | 10 |
Last trade - 15.56pm 27/09/2024 (20 minute delay) ? |
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CBA (ASX) Chart |