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$142.86 commonwealth bank of australia.

CBA TA update, page-1124

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wales1

899 Posts.

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19/08/24

10:44

Post #: 75265210
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Originally posted by JUSTBOB: ↑

My crystal ball tells me CBA will top out at approximately $139.84 by the close tomorrow.

My crystal ball relies on reading a chart.

Will CBA be able to continue increasing dividends? - Probably not substantially if at all.

What will be a catalyst for an increase in the share price? - A reduction in interest rates would make the dividend more attractive.

The shares will go ex-div on Wednesday & it will be another 6 months before the next dividend attracts buyers.

Is the share price over-extended? - Yes.

Is there more downside risk than upside risk in the short to medium term? - Yes

Will the share price fall on Wednesday after stock goes ex-div? - Yes

Is it worthwhile selling to either buy back later or move to another stock? - If you can overcome capital gains tax problems that will have to be confronted eventually, the answer is YES.

There is a limit on how high the price will go. It is just a matter of deciding when that high will be. In my opinion that high will be obtained by close tomorrow although we may have already seen the top.

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I do not have a crystal ball, but every time thy talk in USA or AUSTRALIA of interest rate cuts the banks are going higher,
unless i am reading it wrong.

CBA Price at posting: $137.71 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $142.86		Change -1.160(0.81%)		Mkt cap ! $239.0B

Open	High	Low	Value	Volume
$144.00	$144.12	$142.23	$137.3M	960.6K

Buyers (Bids)

No.	Vol.	Price($)
1	24	$142.80

Sellers (Offers)

Price($)	Vol.	No.
$142.88	1894	2

View Market Depth

No.	Vol.	Price($)
1	24	142.800
3	3963	142.730
1	158	142.700
1	1967	142.630
1	9757	142.590

Price($)	Vol.	No.
142.880	1894	2
142.900	2205	2
142.930	2137	1
142.960	1970	1
142.990	550	1

Last trade - 16.10pm 28/10/2024 (20 minute delay)

CBA (ASX) Chart