Just starting to get in to TA and looking at CSL chart and am after some help from a more experienced TAer.
I am probably completely wrong but has the period between 24 Mar and 9th April formed a bearish pennant? And if it has do you then calculate what the down move would be after a breakout of the pennat from the previous share top on Feb 26 ($38.26 close) and the pennant start on 24 Mar ($30.30 close) giving an $8 target drop from the breakout point which looks to be about now around 31.70?
Do not have access to post a chart here unfortunately otherwise would.
Any help appreciated as I am not yet out of nappies when it comes to TA :)
head of steam, page-22
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Last
$305.34 |
Change
4.220(1.40%) |
Mkt cap ! $147.5B | |||
| Open | High | Low | Value | Volume |
| $303.92 | $305.98 | $302.00 | $378.0M | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 74 | $305.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $305.43 | 250 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| CSL (ASX) Chart |