CBA is at or extremely close to a long long term bottom.
Sure can go down a dollar or two lower depending upon the madness of the Shorting Funds.
But all this is setting up for a Giant Short Squeeze.
I am not a serious technical person......but a close observation reveals a Giant Falling Wedge Pattern on the charts.
This has been pushed down too far in the name of Royal Commission, which is totally a political play.
The large international hedge funds are milking it and the only losers are the real hard working Aussie Mum & Dad investors.
The Four major banks are here and will be here after our lifetime.
We will all look back in few years time and ponder the shares were below 70 dollars....WOW.
Anyway....it just looks a great opportunity to me.( For a hard core Gold bug).
So much that I am willing to let some of my Miners go and add CBA and the other banks as well.
The yield on Bank share are now from 8-9.5 %
This cannot be ignored by the world wide investing community.
They will start nibbling.
CBA is at or extremely close to a long long term bottom. Sure...
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CBA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$127.68 |
Change
-0.070(0.05%) |
Mkt cap ! $213.6B | |||
| Open | High | Low | Value | Volume |
| $128.00 | $128.25 | $125.90 | $864.0M | 7.140M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1520 | $127.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $127.68 | 52 | 1 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CBA (ASX) Chart |