So CBA's share price has been revolving around a mean of $80 since October 2013, apart from a blow off top in Q1, 2015. It has tended to flat with a downward bias in the last four years, and tends to make price excursions in the range of 8% either side of its $80 mean.
However it is spending less time making positive excursions and from Oct 2017 to January 2018 it tried and failed to regain its 25 year support channel. Im looking for a move down to $66-$67 from here, and then a final attempt to take the 25 year channel later this year before a broader Primary Wave 5 completes and takes several markets lower.
Is shorting this a no brainer?, page-712
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Last
$139.29 |
Change
2.470(1.81%) |
Mkt cap ! $233.1B | |||
| Open | High | Low | Value | Volume |
| $138.41 | $139.69 | $137.95 | $255.9M | 1.840M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 160 | $139.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $139.29 | 10 | 1 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |