I'd get excited around $75, which would be around 61.8% fib retracement, or roughly a PE of 13/14. Worth noting that historically PEs shrink in high inflationary environments - economist Shane Oliver has written some good stuff on this.
Weekly chart attached. Wave C corrective phase underway imo. Some Wave C targets written on chart based on fibo x Wave A length.
Cheers
Time to buy or wait till cheaper?, page-19
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CBA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$131.66 |
Change
1.740(1.34%) |
Mkt cap ! $220.3B | |||
| Open | High | Low | Value | Volume |
| $130.80 | $131.84 | $129.89 | $256.3M | 1.965M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 601 | $131.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $131.66 | 712 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CBA (ASX) Chart |