I would agree that the weekly chart looks as though it will hit some resistance around the $300ish level based on the psychological barrier of entering the $300 range again, previous resistance and current market sentiment.
I will not be surprised to see CSL get killed when the half yearly comes out, mainly due to the narrative I've heard around increased costs of plasma collection. The weekly chart has a down trend slope to it ever since the highs reached in Feb 2020.
Anything is possible, but suspect the bias is to the upside leading into the end of financial year. If the CPI comes out hotter than expected tonight in the US then I think the bearish trend will continue for a while.
CSL Price at posting:
$279.58 Sentiment: None Disclosure: Not Held
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