From a charting point of view, it would appear that CBA is trying to make a double top around $138.24. If that is the case it would be forming a flat correction with an obvious initial target being a double bottom around $124.89.
There is also the possibility of a running correction where the B wave exceeds the previous top before reversing in a C wave.
Be aware, the share price will reverse at some point & it is just a matter of time. Selling beforehand, locking in the profit would appear the most logical way to go.
Those who have a capital gains tax problem should check their portfolio for other stocks that have significant paper losses & sell them in this financial year to minimise or even eliminate paying capital gains tax. If you still wanted to keep those shares showing a loss, they can be repurchased & still have the benefit of offsetting capital gains.
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From a charting point of view, it would appear that CBA is...
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Last
$138.80 |
Change
0.230(0.17%) |
Mkt cap ! $232.2B |
Open | High | Low | Value | Volume |
$138.35 | $139.33 | $138.03 | $293.7M | 2.115M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2855 | $138.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$138.80 | 1854 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2855 | 138.670 |
1 | 8 | 138.600 |
1 | 2697 | 138.560 |
1 | 266 | 138.500 |
1 | 2697 | 138.450 |
Price($) | Vol. | No. |
---|---|---|
138.800 | 1854 | 1 |
138.840 | 4073 | 2 |
138.860 | 200 | 2 |
138.870 | 2684 | 1 |
138.880 | 1850 | 2 |
Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
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CBA (ASX) Chart |