Considering the CBA chart since 2002:
- All time high of about $96 in early 2015
- 2nd highest value of about $92 in early 2020
- $70’ish as a 5 year baseline from 2015-2020
- Below that the next solid baseline is about $51 from the period 2010-2013
Might the highs of 2015 and 2020 represent a potential double top (especially as the 2nd didn’t exceed the 1st) and that if the baseline of about $70 is broken to the downside, low $50’s is the next support?
From a non charting, fundamental perspective, global impact from Coronavirus is being mooted to be a minimum 3-6 months, time for global share markets, maybe banks in particular, to grind down?
I was a long term holder but standing aside at present.
Any discussion on this?
Dex
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Last
$170.30 |
Change
-3.050(1.76%) |
Mkt cap ! $284.9B | |||
| Open | High | Low | Value | Volume |
| $172.06 | $172.78 | $170.30 | $370.3M | 2.168M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 5067 | $170.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $170.70 | 100 | 1 |
View Market Depth
| Last trade - 16.16pm 29/08/2025 (20 minute delay) ? |
| CBA (ASX) Chart |