@Drswing and @cobrakai1984,
The market is betting on lower interest rates moving forward. Expect asset prices to have a tailwind.
Although lower IR is bad news for a banks NIM, their shares are well and truly an asset. That is the mechanism you are seeing right now. Simply saying that this is a bubble, stupid, negligible growth does not add to the rationale on why your sentiment is a sell nor that this move is justified or unjustified. What it does say is you are not looking at the complete picture.
Not a boomer. I'm on the cusp of GenX/Y. Nor does that matter to the CBA price action. Frankly I'm agnostic to the current price action but only up until it hits the price(s) I stated in the my TA posts above...
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@Drswing and @cobrakai1984,The market is betting on lower...
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Last
$138.13 |
Change
3.230(2.39%) |
Mkt cap ! $231.1B |
Open | High | Low | Value | Volume |
$137.04 | $138.13 | $136.54 | $588.4M | 4.427M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 122 | $137.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$138.15 | 1500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 137.730 |
1 | 45 | 137.300 |
1 | 185 | 137.270 |
1 | 1000 | 137.200 |
1 | 185 | 137.170 |
Price($) | Vol. | No. |
---|---|---|
138.180 | 250 | 1 |
138.200 | 1768 | 4 |
138.210 | 60 | 1 |
138.230 | 36 | 1 |
138.240 | 194 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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CBA (ASX) Chart |