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$122.26 commonwealth bank of australia.

Can she hold here Ex??

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Boomerboy

456 Posts.

102

03/08/23

14:22

Post #: 69138806
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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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Can she hold here Ex??

CBA Price at posting: $102.40 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $122.26		Change 2.330(1.94%)		Mkt cap ! $204.6B

Open	High	Low	Value	Volume
$121.00	$122.55	$120.20	$391.2M	3.208M

Buyers (Bids)

No.	Vol.	Price($)
1	1000	$122.25

Sellers (Offers)

Price($)	Vol.	No.
$122.26	36	1

View Market Depth

No.	Vol.	Price($)
1	1000	122.250
1	100	122.150
1	5	122.000
1	4533	121.970
1	2301	121.950

Price($)	Vol.	No.
122.280	150	1
122.300	241	2
122.390	50	1
122.400	5168	4
122.410	30	1

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last $122.30			Change 2.330 ( 2.13 %)
Open	High		Low	Volume
$120.99	$122.55		$120.28	434369
Last updated 15.59pm 16/05/2024 ?

CBA (ASX) Chart