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CBA TA update, page-565

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Boomerboy

459 Posts.

102

02/08/23

16:29

Post #: 69120611
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Originally posted by Exised: ↑

That inverse H&S is poignant but I doubt the EW on your chart. In the 2+ decades of owning CBA. I would say EW is the worst TA lens to be looking at the CBA SP movement with. I find that there are too many Shorts (on stop hunt) and Longs (Squeezing the shorts) on CBA that it rarely conforms to EW. Find any static resistance or support on CBA and I can show you where the Shorts/Longs sliced through it by 5-10%.

The better lens to look at CBA is with one eye on the fundamental and the other on the TA. With that in hand I believe short term (next 1-2 months) we will see some SP weakness on CBA. Longer term 3+ years CBA SP will be significantly higher than what it is today.

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Best to be cautious. I don't usually believe it till I see it!

CBA Price at posting: $103.46 Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last $123.47		Change 1.010(0.82%)		Mkt cap ! $206.6B

Open	High	Low	Value	Volume
$123.17	$123.95	$122.82	$295.0M	2.389M

Buyers (Bids)

No.	Vol.	Price($)
1	50	$123.17

Sellers (Offers)

Price($)	Vol.	No.
$123.50	1772	4

View Market Depth

No.	Vol.	Price($)
1	50	123.170
2	2280	123.070
1	200	123.020
1	1	123.000
2	2462	122.990

Price($)	Vol.	No.
123.500	310	3
123.530	182	1
123.550	2280	1
123.630	2280	1
123.640	100	1

Last trade - 16.10pm 05/06/2024 (20 minute delay)


Last $123.26			Change 1.010 ( 0.82 %)
Open	High		Low	Volume
$123.07	$123.95		$122.82	128067
Last updated 15.59pm 05/06/2024 ?

CBA (ASX) Chart

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