An update of the current price action/pattern.
Short term, I am assumimg there is room for more upside before a correction.Consider the SP is some way high above the bollinger upper band (broken line red box) and the ensuing corrections (red boxes). I am not saying this by way of advice, a correction would be an opportunity to accumulate (buy the dip) before the next leg up.
The second chart below is a longer term view of the stochastics momentum of the weekly price action. Short, medium and long term momentum indicators have turned upward and are above their 0-line. In fact, CSL is bullish in all time frames. So yeah, bar a disaster (sh!t happens), CSL has plenty more upside. GLTAH
The CSL pattern, page-1195
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Last
$305.67 |
Change
-4.920(1.58%) |
Mkt cap ! $147.7B | |||
| Open | High | Low | Value | Volume |
| $305.66 | $306.26 | $302.80 | $357.8M | 1.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 388 | $305.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $305.68 | 361 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| CSL (ASX) Chart |