As stated on the chart, the gap up yesterday would be bullish if not closed after 3 days of trading - intraday does not count. So if the gap is closed during day trading but the price rebounds above the gap base then the we can remain positive. Once the 3 day test is ticked off then expect the gap to provide strong support during any market pullback. A fall and close below will undo all the positive action of the last 2 days. 3 day gap up theory was generously shared by one of our posters.
chart update for csl, page-32
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Last
$305.48 |
Change
1.070(0.35%) |
Mkt cap ! $147.2B | |||
| Open | High | Low | Value | Volume |
| $303.88 | $306.27 | $303.80 | $43.92M | 144.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 37 | $305.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $305.51 | 108 | 5 |
View Market Depth
| Last trade - 12.32pm 08/08/2024 (20 minute delay) ? |
| CSL (ASX) Chart |