CBA 0.94% $127.38 commonwealth bank of australia.

The next 3-6 months?

  1. 37,328 Posts.
    lightbulb Created with Sketch. 406
    Considering the CBA chart since 2002:

    • All time high of about $96 in early 2015
    • 2nd highest value of about $92 in early 2020
    • $70’ish as a 5 year baseline from 2015-2020
    • Below that the next solid baseline is about $51 from the period 2010-2013

    Might the highs of 2015 and 2020 represent a potential double top (especially as the 2nd didn’t exceed the 1st) and that if the baseline of about $70 is broken to the downside, low $50’s is the next support?

    From a non charting, fundamental perspective, global impact from Coronavirus is being mooted to be a minimum 3-6 months, time for global share markets, maybe banks in particular, to grind down?

    I was a long term holder but standing aside at present.

    Any discussion on this?

    Dex
 
watchlist Created with Sketch. Add CBA (ASX) to my watchlist
(20min delay)
Last
$127.38
Change
1.180(0.94%)
Mkt cap ! $213.1B
Open High Low Value Volume
$127.00 $127.61 $126.27 $277.5M 2.190M

Buyers (Bids)

No. Vol. Price($)
1 1360 $127.37
 

Sellers (Offers)

Price($) Vol. No.
$127.38 37154 9
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
CBA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.