Not technical or fundamental I think.
We saw CSL rally over the last month in the risk off sessions caused by inflation and rate rise risks, because i think funds were rotating out of tech and back to health care. Now, after last night's risk on in the US, money is rotating out of CSL again and back to some miners, banks and tech.
I think, CSL is used as a pseudo cash account for fundies and they sell it when they want to buy the other sectors but then buy up big when the other sectors sell off.
this is all in the short term - long term CSL return 20% y.o.y so, all hiccups in the big picture.
CSL drop today?, page-2
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Last
$279.56 |
Change
4.060(1.47%) |
Mkt cap ! $135.0B | |||
| Open | High | Low | Value | Volume |
| $277.50 | $280.00 | $276.24 | $195.9M | 703.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3495 | $279.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $279.61 | 243 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$279.62 |
Change
4.060 ( 1.50 %) |
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| Open | High | Low | Volume | ||
| $277.13 | $280.00 | $276.25 | 47852 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| CSL (ASX) Chart |