https://www.livewiremarkets.com/wires/macquarie-s-asx-august-reporting-season-guide-a-must-read-for-investors
This report published today included:"Look to oversold healthcare and staples names.CSL (ASX: CSL) and ResMed (ASX: RMD) are two of the most oversold companies on the index ..."
I wonder how often does it happen that a stock gets spruiked by a major player and then promptly falls? Whatever, CSL looks over-ripe for a swing trade.
Between November and April, the CSL chart looks similar to the XJO chart. Then from mid-April, CSL outperformed the XJO. Then on 14th June CSL nosedived after it reported a foreign currency headwind. CSL also reported that NPATA was growing, so I think that the livewire report is right that CSL is oversold and I am expecting its SP to recover substantially.
To put it another way, in my opinion a long punt on CSL should now be less risky than a long punt on the XJO. But CSL just keeps falling. What the...?
- Forums
- ASX - By Stock
- XJO
- 17/07 Indices
17/07 Indices, page-25
-
- There are more pages in this discussion • 126 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7,989.6 |
Change
68.300(0.86%) |
Mkt cap ! n/a |
Open | High | Low |
7,921.3 | 8,000.0 | 7,921.3 |
Featured News
XJO (ASX) Chart |