MY thoughts are that a breakout into the 08 channel has now failed after a stellar rally. A retest of the lower limit of this accumulation/distribution channel is on the cards. The USD is recovering from recent lows, which suggest a US correction is due. CBA shot up around 63% from the low, and that’s a fantastic return for those of us who bought there. There a plethora of fundamental question marks over CBAs earnings going forward, so to my mind a 63% return in a few months is not bad. initially $31-33 target.
As off Friday im out and now SHORT big time. Fortunately todays action allowed me to move my stop well into cost + brokerage, so if im wrong who cares. In any case I can hear Clown tears this week.
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Last
$141.11 |
Change
1.170(0.84%) |
Mkt cap ! $236.5B |
Open | High | Low | Value | Volume |
$140.63 | $141.85 | $140.34 | $86.15M | 610.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 288 | $141.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$141.11 | 22 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 28 | 140.870 |
13 | 345 | 140.860 |
1 | 25 | 140.850 |
4 | 154 | 140.840 |
9 | 186 | 140.830 |
Price($) | Vol. | No. |
---|---|---|
140.890 | 87 | 3 |
140.910 | 352 | 6 |
140.920 | 300 | 4 |
140.930 | 137 | 5 |
140.940 | 114 | 4 |
Last trade - 12.46pm 05/09/2024 (20 minute delay) ? |
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CBA (ASX) Chart |