CBA weekly ideas: neutral

2022년 1월 23일

After the 2020 dump and recovery to new all time highs in Nov 2021, price could move sideways/down for some time e.g. until late 2024/early 2025, until a new uptrend. This is if it fails to push past $110 to new all time highs in the short term, in a scenario similar to 2008-2009.

Key levels are around 110.19, 93.60, 77, 60.42 such that:

1) Above 110.19 and then a move higher to 126.78 is possible
2) Below 93.60 and a move lower to 77 is possible
3) Below 77 and revisiting 2020 lows is possible.

2022년 3월 31일

노트

Break $108 and we are looking at possible $113

2023년 11월 29일

노트

As predicted, still ranging between 93.6 and 110.19 for long time. Is pulling away from the 93.6 level for a while now suggesting further upside.