Last week, CSL management received positive feedback and the stock is currently in a base. While there is no confirmation of a new trend, the risk-reward ratio is favorable to add a small amount and let the market guide for further additions. I will only add up to 50% of my position in the low base, so if the stock fails to reach its all-time high, I will still have some gains to take away. The stock symbol is ASX:CSL.
Disclosure: I am investing in my super account for the first trance I cannot provide any recommendations to buy or sell. It is essential for you to conduct your own research.
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I add taster position to see if stock will move up....again fundamentals needs to match price action ..
I am looking for great companies that can start making me money right away ...no keen on great prices..
Opportunity loss is key for me
disc: just a starting position for testing the water, do you own research before investing
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Nice rebound ...I like this price action...immediate buy ...means someone accumulating at these level ..potentially ..its all about probabilities
disc: just a starting position for testing the water, do you own research before investing, no recommendation love to share my learning experience as journey.
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Not of out mind - just tracking on weekly chart
disc: have tracking position still , no recommendation to buy or sell
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Will ASX CSL come back on track or go to sleep for months at the top end of the lower range? Thank god, just added a small trance.
Disclosure: invested, starter position.
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It is not always picture perfect; if you can see the resistance line lowest one, look at the price action before taking a decision
Squat the price was doing was telling that there are many value buyers at that level
Use this for your learning, and later, you can earn
disc: invested
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I want to share something with you.
I drew a yellow line, band, for a reason
and stock did all drama and dance attract attention.
In hindsight, I can say - The idea was to get rid of weak hands and bring in more long-term investors.
Now that the weaker investors are out of the picture, the stock gave a decent rally , mind you this is large-cap stock ASX
Hope this helps!
disc: invested in long term portfolio , no recommendation