I believe Commonwealth Bank is great buying in the medium term. With the share price been slightly undervalued and seeing that it has not followed other stocks up in the recent bounce it is more then likely to have a very good rally.
Also considering that the Dow Jones should continue to rally up to about the middle of January with the usual Santa Clause rally - it would seem a perfect time to snap up such a cheap stock.
However I would not be holding CBA for the long term as once the DJIA peeks in around January (hopefully) it should go down slowly to around 3500 where it would be fairly valued.
Hope you will make as much as I should do in CBA.
cba, good buying.
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Last
$126.94 |
Change
-1.040(0.81%) |
Mkt cap ! $212.4B | |||
| Open | High | Low | Value | Volume |
| $127.79 | $127.88 | $126.77 | $256.4M | 2.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3734 | $126.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.00 | 3247 | 5 |
View Market Depth
| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| CBA (ASX) Chart |