Andy_D

CSL - Slowly Forming Bullish Pennant

Long
Andy_D Updated   
ASX:CSL   CSL LIMITED
Price action suggests continuation of consolidation. Break out to upside will likely occur on positive vaccine news, or profitability numbers, or resumption of blood collection sites..or when this bullish pennant reaches the peak and sellers get exhausted.

We are above MAs as well
Comment:
Still trending down, needs to hold above major resistance.
Comment:
Broke down out of pennant. Bounced off major support area.

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