An observation from this arvo's trading in CBA.....
The downward move from the all time high of $34.94 to the most recent low of $23.05 equated to a total movement of $11.89. A 61.8% retracement of this movement equates to $7.35 or a price target of $30.40.
Today, CBA hit $30.42 and what happened then .... it fell apart on very high volume in the last hour of trading!!
Is this significant? I am not sure yet, but would appreciate others thoughts.
Regards,
Jaysee
will never fall below $29.50 again!, page-5
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 (20min delay)
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Last
$129.11 |
Change
1.770(1.39%) |
Mkt cap ! $216.0B | |||
| Open | High | Low | Value | Volume |
| $127.35 | $129.11 | $126.96 | $213.9M | 1.663M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13125 | $129.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $129.11 | 4630 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| CBA (ASX) Chart |