CSL 2.08% $285.10 csl limited

head of steam, page-111

  1. 322 Posts.
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    On the CSL chart the following has occured in the last 5 trading days
    - Closed above 30 day SMA on daily (5 days ago)
    - Closed above 60 day SMA on daily (yesterday)
    - Closed above 150 day SMA on daily (also yesterday)
    - 30 day SMA on daily chart just turning up
    - Broken upwards through the down trend line on Slow Stochastic on the daily chart
    - Daily slow stochastic nearing 80 so may need some consolidation of gains.
    - Currently above 30w EMA on weekly chart
    - Currently just below 60w EMA on weekly chart
    - 30w sma looks like it is about to turn up on weekly.
    - Slow stochastic turning up on weekly before it hit bottom uptrend line.
    - Weekly slow stochastic only at 30 so plenty of potential upside.

    It should be noted yesterday was the first real day that CSL closed outside its pennant/rectangle so it could easily head back in to it as a false break. Do not see this as likely but who knows :)

    No chart at the moment as I am at work and can not post it.
 
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