Knowing when to sell is more important than when to buy.
My suggestion is that seeing CBA goes ex-div on Wednesday, sell no later than Tuesday. The share price should immediately fall $3.57 on Wednesday below what it would have been cum-div. This means that you no longer have investors chasing the dividend & it could well be the beginning of a reversal.
Remember you have not made a profit until you sell.
In buying back into CBA it is a matter of deciding at what price you would be happy to buy. I make that decision by doing mathematical calculations based on previous price movements. Look for Fibonacci related retracements (e.g. 38.2%, 50% or 61.8% are common) of previous share price moves or usually called waves.
In understanding how previous wave movements indicate what to expect in future wave movements is an art not a science. The more experienced you become, the more accurate & successful you will be.
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Last
$138.13 |
Change
3.230(2.39%) |
Mkt cap ! $231.1B |
Open | High | Low | Value | Volume |
$137.04 | $138.13 | $136.54 | $588.4M | 4.427M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 122 | $137.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$138.15 | 1500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 137.730 |
2 | 4000 | 137.700 |
1 | 45 | 137.300 |
1 | 185 | 137.270 |
1 | 1000 | 137.200 |
Price($) | Vol. | No. |
---|---|---|
138.150 | 1000 | 1 |
138.160 | 1095 | 1 |
138.180 | 250 | 1 |
138.200 | 6770 | 6 |
138.210 | 60 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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CBA (ASX) Chart |