CBA 1.26% $127.01 commonwealth bank of australia.

Considering the CBA chart since 2002:All time high of about $96...

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    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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