This is a really bad investment basis, that beccause it's oversold (which at the time you mentioned, was $76.91, $75.59 now) it can't go lower. I suggest you checkout the technicals on the US index, which are now incredibly bearish with key support broken - we will follow the US, and atm I can't see anything to make it rise except more QE - a low RSI doesn't mean she'll swing back up hard - it means you are likely to get a bounce followed by further selling to a lower low. Big funds and shorters are looking at those technicals and jizzing themselves no doubt.
It is likely to take a long time for the $71.50 shares to be distributed. At this stage Id be looking for a test of the $73 zone for any buying. Not a holder or shorter, watching from the sidelines.
What is CBA's worth by Friday Close, page-15
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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
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CBA (ASX) Chart |