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$139.80 commonwealth bank of australia.

CBA TA update, page-1098

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JUSTBOB

2,032 Posts.

375

08/08/24

19:09

Post #: 75131450
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Originally posted by Boomerboy: ↑

Hey Ex, Been on the go here trying to finish building my house before the permit expires.
Ha yes, no doubt about it, this EW caper sure keeps you on your toes, especially a hack like myself!
Nothing wrong with 'old school' either. Half my trouble I think…trying to teach an old dog new tricks! I've driven my mentor 'White_man' up the wall J.
Anyway, here's my take on things at this point in time for what it's worth:
Wave 3 at higher degree (black line) hit extended levels, as is quite common for the 3rd, & wave 4 corrective is now underway with the first impulse (a) nearing completion. Don't place too much emphasis on my rough mark-ups for the correction…I've simply assumed equality for waves a & c then stuck a countertrend move in between for the time being. As you'll know however, it's not uncommon for the previous 5th wave, & then some, to be entirely wiped in the ensuing correction. In any case, I expect you already have a number in mind given your knowledge of the fundamentals.
All the best.

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It is likely the C wave will commence when CBA goes ex dividend.

I am looking for at least $120.75 as an initial target.

It appears a B wave is currently being formed.

CBA Price at posting: $129.11 Sentiment: Sell Disclosure: Held
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(20min delay)
Last $139.80		Change 0.510(0.37%)		Mkt cap ! $234.2B

Open	High	Low	Value	Volume
$138.90	$140.27	$138.40	$222.7M	1.593M

Buyers (Bids)

No.	Vol.	Price($)
1	100	$139.57

Sellers (Offers)

Price($)	Vol.	No.
$139.80	498	1

View Market Depth

No.	Vol.	Price($)
1	100	139.570
2	565	139.500
2	2413	139.430
1	60	139.410
1	2687	139.350

Price($)	Vol.	No.
139.800	498	1
139.830	3231	1
139.840	24404	7
139.850	2255	3
139.870	3264	1

Last trade - 16.10pm 16/10/2024 (20 minute delay)

CBA (ASX) Chart