weekend charting 13/14 feb, page-20

CSL for lucky.

Has formed a well-defined wedge that should provide a breakout soon.
After the Death Cross in November '08, the 50ema has remained under the 200ema and is diverging bearishly again since October after failing to create the Golden Cross.
Now that the action is in the apex of the wedge, low risk positions can be taken with stops outside the wedge lines.

The chart says sell, but the defensive FA nature of CSL may prove otherwise.

10cents