Let's learn from history how our "NVIDIA" i.e CBA performed In...

Let's learn from history how our "NVIDIA" i.e CBA performed

In 2014-15, CBA rose 25.4% over 6 months, only to give up all of it and more the following 11 months.

In 2019, CBA rose 20.7% over 10 months, and gave back and more over just 2 months during the Covid crash

Now CBA has risen 31.1% since Oct 23 lows and looking overstretched, the period of the rally is 8 months which is between 6-10 months of prior length of rally, which likely mean it won't be long before this current rally ends. And if does what the 2 prior precedents did, a -30% loss would bring it back to $89.60 which is at the April 2021 level and sitting perfectly at its $90 major support level.

..imagine what a -30% fall in CBA do to the ASX index?

..Conclusion: IMO not the right time to be buying quality but overvalued stocks at just about the time that US market faces a similar risk like the dot.com boom-bust of 2000.

	Column 1	Column 2	Column 3	Column 4
0	CBA
1	Sep-14	$ 74.90
2	Mar-15	$ 93.91	25.4%	6 months
3	Feb-16	$ 70.14	-25.3%	11 months
4
5	Mar-19	$ 70.64
6	Jan-20	$ 85.26	20.7%	10 months
7	Mar-20	$ 61.82	-27.5%	2 months
8
9	Oct-23	$ 97.80
10	Jun-24	$    128.19	31.1%	8 months
11	??	??		??

All time view
CBA Stock Price and Chart — ASX:CBA — TradingView