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
$135.81 |
Change
-3.790(2.71%) |
Mkt cap ! $229.1B |
Open | High | Low | Value | Volume |
$138.22 | $138.37 | $135.75 | $279.8M | 2.138M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 29 | $135.81 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$135.82 | 565 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 133 | 135.810 |
1 | 28 | 135.800 |
1 | 1 | 135.790 |
2 | 71 | 135.780 |
5 | 384 | 135.770 |
Price($) | Vol. | No. |
---|---|---|
135.820 | 12 | 1 |
135.830 | 31 | 2 |
135.840 | 181 | 6 |
135.850 | 126 | 5 |
135.860 | 171 | 5 |
Last trade - 13.40pm 21/08/2024 (20 minute delay) ? |
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