The CSL pattern, page-957

Every week this old gold just keeps pushing. Love seeing the love return to CSL.

Still sticking with my $300 rejection and pull back. I don't think CSL will break until there is confirmation fundamentally from the FY21 report in August.



I've been on the CSL train for a while now with my first buy in Aug 2019 and I've watched its chart closely. It's actually really simple. Buy when it retraces to its 50 week moving average, buy more when it reaches in long term support and after watching the channel, I will probably be selling when it reaches its next peak resistance which I think will be in a few year closer to $500.

CSL has retreated only to this long term support 3 times before in 2011 at $26, 2016 and $91 and then just a few months ago at $242. Now the blue crosses are when there's a small dip a couple months later after it bottoms. Not reaching the previous low again, but it's as close as it gets, because after this little dip - off she goes. Never to be seen at these levels again. I think we are approaching this dip opportunity.



My only challenge now is not worrying about CSL's share price, but trying to get enough money together to YEET it across to CSL.

Even the monthly begs my attention, these chances are rare and are years in between. Don't have to tell me anymore!

My 2c - buy big $275 - $280, sell closer to $500 in 2023/24.