CBA 0.49% $80.16 commonwealth bank of australia.

Hmmm... waddya reckon ???

  1. 5,816 Posts.
    Hmmm... hope those looking to load up on FPO as strategic positions were in early.

    If the gloom and doom for 2003 eventuates then 5.8% fully franked will come in handy ...

    Whilst today's rally needs confirmation tomorrow, pleasing to see yesterdays red has been addressed at least ahead of some consolidation at these levels methinks ...

    The chart shows a new Fib study if yesterday's low is the indeed the reversal point and strangely the first retracement level at Fib(23.6%) is $28.55.

    Bugger me ... reckon I have heard that number somewhere before ... just goes to show ... even the men in black cannot fark with ol' Fibonacci.

    Chart looks like this ...

    Cheers ...

    This is only my view ... read the red stuff.
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CBA (ASX) Chart
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