CSL 0.53% $299.60 csl limited

CSL Chart, page-871

  1. 2,844 Posts.
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    on the 14/6/23 CSL issued a market update (profit warning) highlighting foreign currency headwinds.

    meaning - before they consolidate above $300 it's going to take longer than the market had expected (another period flapping around with no capital growth - "come back in another 6 months).

    because it's dropping people don't want to catch a falling knife and will wait a while.

    thus the falling continues until it finds a new base. (new base = it looks reasonable value who knows??)

    I want to increase holdings in late Aug 23 - Nov 23 hoping the share price continues to fall to $250 or lower and camps there for a while but at $260 looks fair value

    my thoughts only...
 
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