I haven't exactly sold out. I have sold about 50% of my holding.
As the shares were & are in my self-managed super fund, I have no capital gains tax to pay. My average purchase price was $54.20.
I am looking to buy back in at lower levels.
My initial target is to close the gap down to $128.54 with a possible further target of $124.80.
From an Elliott Wave point of view, if the 3rd wave ($116.64 - $128.68) has been completed & a 5th wave started at $124.35 then any extension of the 5th wave cannot go beyond $136.39 as this would mean the 3rd wave was the shortest of the 3 impulse waves & according to Elliott, this cannot be, which would then mean it would be a further extension of the 3rd wave with a target of $137.04.
If all 5 waves have been completed then we should look for a percentage correction of the entire move from $109.94 - $134.00.
Popular targets would be $128.32, $124.80, $121.97 & $119.13.
In a falling market, the above 4 prices are where support should occur.
The above is all theory but traders tend to follow technical levels.
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Last
$139.25 |
Change
1.120(0.81%) |
Mkt cap ! $233.0B |
Open | High | Low | Value | Volume |
$137.72 | $139.25 | $137.37 | $268.4M | 1.937M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $139.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$139.25 | 33312 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 139.090 |
1 | 1800 | 138.900 |
1 | 100 | 138.830 |
1 | 18 | 138.720 |
1 | 12 | 138.690 |
Price($) | Vol. | No. |
---|---|---|
139.250 | 5000 | 1 |
139.300 | 500 | 1 |
139.330 | 2707 | 1 |
139.340 | 22159 | 1 |
139.350 | 679 | 1 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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CBA (ASX) Chart |