I'd get excited around $75, which would be around 61.8% fib retracement, or roughly a PE of 13/14. Worth noting that historically PEs shrink in high inflationary environments - economist Shane Oliver has written some good stuff on this.
Weekly chart attached. Wave C corrective phase underway imo. Some Wave C targets written on chart based on fibo x Wave A length.
Cheers
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Last
$131.66 |
Change
1.740(1.34%) |
Mkt cap ! $220.3B |
Open | High | Low | Value | Volume |
$130.80 | $131.84 | $129.89 | $256.3M | 1.965M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 601 | $131.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$131.66 | 712 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 101 | 131.400 |
2 | 260 | 131.200 |
1 | 10 | 131.000 |
2 | 803 | 130.600 |
1 | 500 | 130.570 |
Price($) | Vol. | No. |
---|---|---|
131.660 | 712 | 1 |
131.700 | 665 | 2 |
131.720 | 500 | 1 |
131.730 | 1838 | 1 |
131.760 | 110 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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CBA (ASX) Chart |