Correction, page-98

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joncoles

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25/09/24

12:30

Post #: 75830378
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Originally posted by JUSTBOB: ↑

If you are interested in forward planning your buy back of CBA from a charting point of view the use of Fibonacci numbers highlights target areas.

If we take the top of $145.24 & the starting point as $109.94 we get the total move to be $35.30.

23.6% correction = $136.91 (we have already gone lower)
38.2% correction = $131.76
50% correction = $127.59
61.8% correction = $123.42
76.4% correction = $118.27

61.8% is a very common correction percentage & it fits in with my original preferred correction target of between $120 & $125.

At $123.42 the yield is 3.7676%, not all that flash but if you wait for $118.27 you may miss out. Buying any earlier than $123.42 means that your cash is locked away in a stock with a poor yield.

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Bob can you go away

CBA Price at posting: $134.86 Sentiment: Buy Disclosure: Held
6 Upvote

1 Great analysis

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(20min delay)
Last $191.65		Change 0.250(0.13%)		Mkt cap ! $320.4B

Open	High	Low	Value	Volume
$190.49	$191.88	$190.26	$164.6M	861.7K

Buyers (Bids)

No.	Vol.	Price($)
16	419	$191.64

Sellers (Offers)

Price($)	Vol.	No.
$191.66	37	2

View Market Depth

No.	Vol.	Price($)
3	15	191.550
14	222	191.530
10	271	191.520
12	381	191.510
6	1026	191.500

Price($)	Vol.	No.
191.560	565	10
191.570	32	2
191.580	257	7
191.590	111	2
191.600	150	3

Last trade - 13.40pm 26/06/2025 (20 minute delay)

CBA (ASX) Chart

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