The above statement is still true in my opinion, as long as that $290/$291 level is maintained. Obviously the market sees $295 as an appropriate level to take profit. Too early IMO.
If the profit taking hurts too much then $288/287 will be seen and the gap will be closed and i would think this would make $300 this week hard to achieve.
This wouldn't scare me for risk of the trade going against me as long as that $287 mark is respected. Under $287 would be concerning and may require the trade to be closed.
The CSL pattern, page-1126
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 (20min delay)
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Last
$307.93 |
Change
0.030(0.01%) |
Mkt cap ! $148.8B | |||
| Open | High | Low | Value | Volume |
| $307.51 | $308.38 | $306.26 | $142.0M | 461.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1829 | $307.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $307.95 | 200 | 1 |
View Market Depth
| Last trade - 16.10pm 29/08/2024 (20 minute delay) ? |
| CSL (ASX) Chart |