which tells us that market is pricing in a doomier outcome and are concerned with the property market, loan provisioning, COF, uschina trade & impact on aussie growth ie China is our leading partner in buying/pillaging everything australia own oops sorry abt that one, etc etc etc.
The 69.70 has been a good support of late and to day dwn to 68.16 but price action tells me that we going to test that level again and if it breaks then Oct lows here we come - irrespective of npat.
Fact is top line growth is going to stall and I dont think they will be able to make up for that by the bottom line in coming years. Once you have transparency and the Big 4 is broken thru a more competitive landscape CBA will come under pressure. Of course not saying disaster but rather the supercycle has come to an end for CBA.
All IMO - as you say not is all bad looking at the basic numbers but my view is they going to have to pull a rabbitt out of a hat soon if they dont want to see the lower 60s which as everyone knows is my ST target.
which tells us that market is pricing in a doomier outcome and...
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Last
$115.23 |
Change
0.230(0.20%) |
Mkt cap ! $192.8B | |||
| Open | High | Low | Value | Volume |
| $115.76 | $115.76 | $114.74 | $139.6M | 1.212M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | $115.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $115.25 | 105 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$115.15 |
Change
0.230 ( 0.07 %) |
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| Open | High | Low | Volume | ||
| $115.54 | $115.73 | $114.75 | 327116 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CBA (ASX) Chart |