CBA 1.93% $137.51 commonwealth bank of australia.

Knowing when to sell is more important than when to buy.My...

  1. 1,913 Posts.
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    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
$137.51
Change
2.610(1.93%)
Mkt cap ! $230.4B
Open High Low Value Volume
$137.04 $137.96 $136.54 $377.5M 2.898M

Buyers (Bids)

No. Vol. Price($)
8 138 $137.50
 

Sellers (Offers)

Price($) Vol. No.
$137.52 931 2
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Last trade - 12.59pm 16/08/2024 (20 minute delay) ?
CBA (ASX) Chart
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