Well some very interesting and wildly varying posts regarding CBA so I thought I might as well put in my two cents worth.
IMO CBA highs in the $80+ was certainly a high for the time being, but not the ultimate all time high. I consider it is about to finish an "A" wave of a larger ABC correction. The finish of the "A" wave may take it to around $72 or a little higher.
We will then get a 3 wave upwards correction that may take it back around the $78 mark. Remember this 3 waves up will have a up wave to say $76ish then a down wave to $74ish then an up wave to about the $78.
Following that IMO we will get the "C" wave which will take CBA from $78ish to around $65 but definitely lower than what this current wave finishes at. I believe that the completion of the A wave and the following B and C waves will take 3 to 4 months to complete.
When the ABC correction is all said and done with the "C" wave then it will start a long - 1.5 to 2 year journey all the way from $65 to $100.
I know that people will totally disagree with me but I can't see CBA hitting $20 unless WW3 occurs.
All the above IMO and please DYOR.
Griff
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Last
$132.46 |
Change
-3.810(2.80%) |
Mkt cap ! $221.6B |
Open | High | Low | Value | Volume |
$133.50 | $134.25 | $131.66 | $507.4M | 3.839M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | $132.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$132.46 | 20375 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | 132.400 |
1 | 1305 | 132.320 |
3 | 235 | 132.000 |
1 | 50 | 131.970 |
2 | 1260 | 131.950 |
Price($) | Vol. | No. |
---|---|---|
132.500 | 100 | 1 |
132.600 | 100 | 1 |
132.610 | 2129 | 1 |
132.700 | 3014 | 1 |
132.770 | 2129 | 1 |
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