ASX:CSL- Consolidating nicely around 200MA ( Accumulation)
- CLS is underperforming the XJO for some time.
- CLS Underperformance to XJO was last seen around 2009.
- CLS nicely consolidated around 200 MA
- I am invested for long term portfolio.
- Great buy around 270$
- Negative - 17th June - change in leadership CFO Mr David Lamont resigned.
- Company is in acquisition spree making the best use of the opportunity.
- Australia highest market cap company - good opportunity to keep adding in this retracement.
Trade closed manually:
Closed position last week showing weakness in a strong market. Still in tracking list and will wait for the consolidation/correction phase to complete and once bullish pattern is formed in daily or weekly chart.
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👉 Stock Price on date of exit – $292
👉 Stock Price last close - $263.84
🔥 Saved Loss of 28$ per share and opportunity loss of close to 9 months.
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