I've discounted the probability of much further upside for CBA in the current up-trend. (See post above).
Here's a hypothetical:
If we do start to see a retracement using price action, then I'd be looking for a retracement into the 50%-61.8% zone of the previous up-trend.
That would give us a possible pull-back from around the 159 level to the 147-150 level.
A pull-back to that level would probably make for a good start to a Santa Rally for CBA.
Just a thought bubble.
RB
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
4,904.0 |
Change
-5.700(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 4,909.7 | 4,911.2 | 4,897.1 |
| XTL (ASX) Chart |