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clock Created with Sketch. 07/11/24
18:04
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Originally posted by misstrump:
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the PE is 25 times average PE of the other banks is around 14-17. Clearly overbought and in a bubble due to the passive investing of being in the ASX 200, if you check the weekly chart also you’ll see we have bearish divergence on the RSI - $150 will be outside the Bollinger bands on a standard deviation of 2 and it’s a big round number to break based on nothing, the outlook is not good for aust banks with rates coming down in the future and 60% tariffs on china it will test $150 but pullback and rest at $230 as this is also the state of play in numerology fin most technical trading also CBA reporting 13th Nov one slip up and down we go
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I meant $130 fat finger
(20min delay)