CBA get heavily oversold over the past several week and breaks 5 year lows.
And its US peers has launched a fierce bounce back overnight for ~5% for Morgan. Overall banks up ~2%. btw, its US peers never touched even one year low in the new year.
Overnight USA market SP500 revenged up over 2% nasdaq over 3%.
All sets up for big revenge for CBA holders.
And it is the time.
I expect $75 by end of the month the earliest and by end of the next month the latest.
IMHO
$75 by end of the month
Add CBA (ASX) to my watchlist
 (20min delay)
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Last
$122.26 |
Change
2.330(1.94%) |
Mkt cap ! $204.6B | |||
| Open | High | Low | Value | Volume |
| $121.00 | $122.55 | $120.20 | $391.2M | 3.208M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $122.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $122.26 | 36 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$122.30 |
Change
2.330 ( 2.13 %) |
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| Open | High | Low | Volume | ||
| $120.99 | $122.55 | $120.28 | 434369 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| CBA (ASX) Chart |