re: CBA Good Buy? ... downside Hmmm... I took a LONG entry late 040702 on late rally from low of $31.15 to close $31.40.
LONG entry signalled by RSI trigger and bounce on support at Fib(50%) at $31.45.
Closed 100702 taking modest green as CBA failed Fib(38.2%) tripping stops and has retraced today to previous support/Fib level ...
This will test next movement and being Friday, not a day I generally like to enter if any doubt ...
I think CBA will likely fail at this level today subject to any late rally(?) and alert watch Monday for any sign of strength signalling the possibility of next LONG entry ...
Chart looks like this ...
Cheers ...
This is only my view ... read the red stuff.
CBA Good Buy?, page-5
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Last
$134.16 |
Change
-0.190(0.14%) |
Mkt cap ! $224.5B | |||
| Open | High | Low | Value | Volume |
| $134.30 | $134.50 | $133.00 | $288.6M | 2.154M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $134.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $134.19 | 3218 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CBA (ASX) Chart |