CLV 1.30% 38.0¢ clover corporation limited

The next CSL or COH or both?, page-20

  1. 88 Posts.
    lightbulb Created with Sketch. 25
    It's nothing to worry about - just people taking profits from the great run it's had - obviously they're not going to take profits prior to 30 June EOFY for tax reasons.

    It's typical pattern of any stock on the ASX - if it's been on a strong uptrend prior to EOFY, people take profits AFTER EOFY, but if the stocks' been on a strong downtrend prior to EOFY, people sell BEFORE EOFY to reduce tax.

    I'd say we'll see another big green run in the next day or two, as is always the case with CLV after an unusually big red day.
 
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