hi kiddies,
chart below for CBA shows my expectation for a dip to somewhere between $28.90 & $27.90 within the next couple of weeks. If this view is borne out, then CBA shouldn't go back above $30.14 before the low is posted.
looking a bit tenuous with the div coming up next monday - previous years CBA rallied to the div date then dropped by ~$2.00. Could be the wave count shown is wrong - ultimately, I don't care, because it could even go above $30.62 again without killing the Wave 4 theory, which is: CBA has to post a low between $28.90 and $27.90 by the first week of Sep, and then a rally will take CBA back to new heights in the lead-up to Christmas 2003.
but it would be nice if CBA just rolled over now and kept my nice chart pattern intact.
(if CBA actually gets below $27.90, that will change the long-term view to bearish, but even then CBA should still have a rally to new heights leading up to Christmas 2003.)
at the end of the day, time will reveal the truth. don't trust what i say, make sure you set stops before you trade.
regards,
ultrafart.
- Forums
- ASX - By Stock
- CBA
- cba profit announcement
cba profit announcement, page-6
Featured News
Add CBA (ASX) to my watchlist
|
|||||
Last
$133.50 |
Change
1.060(0.80%) |
Mkt cap ! $223.4B |
Open | High | Low | Value | Volume |
$132.50 | $134.25 | $132.00 | $255.8M | 1.919M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 755 | $133.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$133.50 | 239 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3 | 133.480 |
1 | 79 | 133.420 |
1 | 4 | 133.400 |
1 | 166 | 133.320 |
1 | 4 | 133.180 |
Price($) | Vol. | No. |
---|---|---|
133.520 | 3460 | 1 |
133.540 | 1232 | 1 |
133.550 | 2949 | 2 |
133.640 | 48 | 1 |
133.650 | 895 | 2 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
Featured News
CBA (ASX) Chart |