but there is going to be a decline in profits - the way they made money will need to change and provisions and bad debts will increase in future.
Look 50$ sounds low but if one believes in fibonacci the retracement could go from high 96.18 to say a low in GFC (23.90) - a 61.2 retacement is 44$ a 50% retracement is 60$ so when look at from a technical pov then 50 not impossible.
So the question becomes could cba hit 50$ due to fundamentals
Is shorting this a no brainer?, page-1217
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Last
$155.13 |
Change
2.290(1.50%) |
Mkt cap ! $259.6B | |||
| Open | High | Low | Value | Volume |
| $154.00 | $155.13 | $152.53 | $380.0M | 2.475M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 923 | $154.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $155.13 | 4595 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CBA (ASX) Chart |