CBA 1.67% $85.35 commonwealth bank of australia.

possible wave c of 4...

  1. 436 Posts.
    hi kiddies,

    here's my wishful thinking - the closer CBA gets to $28.50, the happier I'll be (trying to extract myself from a losing position)... hoping it's in wave C of the 4th wave since $23.05 (note the blue accumulation / distribution line)...

    if CBA is now in wave C of the 4th wave since $23.05, then it will have to go somewhere under $28.90 in this current short-term downtrend...

    and if so, that will be the last low before it takes off in wave 5 to $32.00+...

    also, expecting cyclical low leading into first two weeks of September... can this current downtrend drag out that long? the effect of the dividend has to hit yet...

    any thoughts welcomed..



    regards,

    Ultrafart.
 
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