The current high is obviously above the previous high but the RSI indicator is currently lower than the indicator at the time of the previous high. I haven't checked other indicators as yet, but the RSI indicator shows divergence between the price action & the indicator.
If you take the interim dividend of $2.15 & add 10 cents to the previous final dividend of $2.40, making it $2.50 which is a likely outcome, you finish with an annual total dividend of $4.65. Based on today's high of $130.30, this makes the yield just under 3.57% & grossed up nearly 5.1%. Now you can get 5.15% interest at call with an incentive saver account with St George Bank so a sell near the current high, without risk of losing income with the chance of buying back if, & quite likely when, the share price corrects to a lower level, seems to make sense.
I sold 500 @ $130.17 on the opening this morning & will be looking to buy back at a lower level. Otherwise, I am quite happy receiving 5.15% interest in the meantime.
CBA Price at posting:
$129.54 Sentiment: Sell Disclosure: Held
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