Can't follow your reasoning re CSL .
"Since the inverted hammer can only occur after a sustained downtrend, the stock is in all probability already oversold. Therefore, the inverted hammer may signify that shorts are beginning to cover. In addition, traders who have held long positions in the security, most of whom are now showing large losses, are often quick to dump their shares by selling into strength. This will also serve to drive the stock back down.Since the inverted hammer can only occur after a sustained downtrend, the stock is in all probability already oversold. Therefore, the inverted hammer may signify that shorts are beginning to cover. In addition, traders who have held long positions in the security, most of whom are now showing large losses, are often quick to dump their shares by selling into strength. This will also serve to drive the stock back down.
With this candle, it is imperative to watch the next day's trading action. If the stock opens strongly and remains strong during the day, then a key reversal is likely in progress."
- Forums
- ASX - By Stock
- CSL
- price action
price action, page-4
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CSL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$292.52 |
Change
3.730(1.29%) |
Mkt cap ! $141.6B |
Open | High | Low | Value | Volume |
$288.51 | $293.30 | $286.92 | $143.2M | 491.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1835 | $292.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$292.55 | 508 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1835 | 292.510 |
1 | 1280 | 292.320 |
1 | 1280 | 292.120 |
1 | 1280 | 291.910 |
1 | 3366 | 291.690 |
Price($) | Vol. | No. |
---|---|---|
292.550 | 508 | 1 |
292.570 | 2 | 1 |
292.610 | 508 | 1 |
292.630 | 600 | 1 |
292.680 | 598 | 1 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
Featured News
CSL (ASX) Chart |