I bought CSL post the March crash because I felt it would probably resume its historical pattern of a steady increase. Price recovered rapidly and then for 6 weeks has consistently drifted lower. The retracement could be expected as a reaction to the overly quick recovery from March - but where will it stop? Will it slip back to the bottom of the channel (shaded on chart) around $265 or will price start to recover from the usual 50% retracement of the rally after the March low? The jury is out for me but price yesterday closed at that 50% retracement level which is also a level of natural support/resistance - so there is a chance that might stop the rot. The last two daily candles have been very negative. My money (literally) is on the recovery scenario but I'm wavering!
The CSL pattern, page-2
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Last
$308.53 |
Change
3.060(1.00%) |
Mkt cap ! $149.0B |
Open | High | Low | Value | Volume |
$308.99 | $308.99 | $305.97 | $232.7M | 769.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 913 | $307.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$308.59 | 20 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 306.600 |
1 | 50 | 306.500 |
1 | 100 | 306.250 |
1 | 100 | 306.000 |
1 | 20 | 305.620 |
Price($) | Vol. | No. |
---|---|---|
308.590 | 20 | 1 |
308.740 | 36 | 1 |
308.750 | 125 | 1 |
308.850 | 3 | 1 |
308.950 | 20 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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CSL (ASX) Chart |