CBA 0.14% $83.93 commonwealth bank of australia.

question for acouch

  1. 436 Posts.
    Hi Acouch,

    You seem to be fairly cluey with charts, can you hazard a guess as to where CBA is heading?

    It looks to me like it has just completed a 4th wave triangle, with a 5th wave up about to follow, with likely upside to $28.20 and an absolute limit to below $28.90.

    Less likely is an ABC just completed with downside imminent (and the RSI lends some support to this view).

    Anyway, those are my thoughts. I'd be interested in any light you might be able to shed on the subject.

    Regards,

    Ultrafart.
 
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