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...
Not one I am personally trading at the moment, but CSL was one of the most reliable stocks on the Australian market for years. Since 2020 though it has been stuck in this sideways range that could be good for the worlds slowest swing trade :)
Being towards the bottom of the range might mean there is some upside on the table if the ASX is a market you trade.
So... my previous bullish attempt at this pattern failed, and I am now looking at the bearish play. A rising wedge pattern, looking to break from the rising support line. If this plays out, then the target will be around $248. The target is supported by the height of wedge, fair value gap and fib level, so looks to be a very strong possibility. The bearish...
Was watching this for a while. It just popped. Missed entry yesterday, but will wait for a re-test to enter. Entry at $309 for a target of $334. SL @ $307.
DYOR and trade at own risk.
On this stock we will have a reversal trend if we have the breakout with strenght the vwap indicator and the resistance line by a big green candle with a large green volume. In other hand we could have a downtrend continuity if we have the breakout with strenght the vwap indicator and the support line by a big red candle with a large red volume.Thanks.
ENTRY: 299.20
SL: 285.64
TP: 317.82
- ADX<25. Would like to be higher.
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Breakout of consolidation area on 6 Jul 2022 before going into another consolidation range.
- Recovered well on 17 Aug 2022 after earnings indicating possible buyers still in play.
- Entry today...
CSL is seeing improved plasma collection as places like the US start to return to normal. Additionally the Vifor acquisition should complete in the next few months with the potential for the stock to re-rate higher. The stock has formed an ascending triangle formation with resistance being tested on multiple occasions at the 273/274 level at which a major stock...
CSL charts suggest that the price action is looking for a support zone and if it eventuates the $200 - $230 range would be a great spot to pick it up for a long term hold.
CSL seems to have been moving Side ways from the high of $335 on the 17th Feb 2020, Resistance seems to be set around the $315 - $320 Mark with the market trying to push through this level on 4 occasions; 17th August 2020, 30th November 2020, 30th August 2021, and recently 22nd November 2022. From the RSI and MACD indicator below and the the bearish trend of the...
Past 4 December returns have been inconsistent & provide a good example of ever-changing cycles. Only 1 December loss from 2000 to 2016. Then only 1 positive December from 2017 to 2020.
Data is for informational purposes only & is not investment advice. Past performance is no guarantee of future results & may not be repeated.
Text me if you have any questions/comments for me.
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CSL
- Previous analysis was done on 27 Sep -> suggested half entry around 310 levels if comfortable with overhead resistance zone
- Since then, the stock did not recover to those levels but instead had a Structure Break
- Stock is currently consolidating between the 295 resistance levels and 285 support...
