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Peaceful-Weekend-Investing
Jun 25, 2020 12:56 PM

ASX:CSL- Consolidating nicely around 200MA ( Accumulation) Long

CSL LIMITEDASX

Description

  • 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.

Comment

ASX:CSL CSL Exit important even its ASX best performing stock and leader.

👉 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.

👇 trading journal



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