CBA commonwealth bank of australia.

CBA TA update, page-360

  1. 2,616 Posts.
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    I didn't say CBA is overvalued
    I said it's overbought
    There is a difference.
    *Valuations comparative to other Aussie banks is another subject. I'll leave that one and focus on TA for now.

    I also mentioned this info would probably be more suited to those with shorter timeframes - if you're long and strong from 1998 then I'm sure you've seen plenty of big moves and I'm sure your divvies have more than smoothed out the ride.

    The comparison chart I provided is a highly correlated chart with CBA, so I'll have to disagree.
    BANK has 30 components, so rather than just compare to a single bank I find it's a good bellwether - the charts seem to agree.

    CBA was/is in a pivotal position atm, so I was pointing out both upside and downside.

    $109 is a big resistance for CBA and so far has proven so.

    Aussie 200 is in a similar position (not surprisingly) with a major resistance and volume zone just overhead

    Couple of big data releases today and tomorrow in Oz, so perhaps a clearer direction will be seen after they've been released.

    All the best mate.
 
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Last
$172.87
Change
-0.600(0.35%)
Mkt cap ! $289.2B
Open High Low Value Volume
$173.40 $173.61 $170.97 $281.9M 1.622M

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No. Vol. Price($)
1 5 $172.60
 

Sellers (Offers)

Price($) Vol. No.
$172.87 400 1
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Last trade - 16.17pm 25/07/2025 (20 minute delay) ?
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