A squeeze of the bollinger bands is invariably the prelude to a correction upward or downward. In the present case, it is likely to be a downward correction. The squeezed indicator (in red) in the bbands is far from the bottoming bearish zone. It is likely that it will get there, assuming the pattern persists (circles). The two Fibonacci clusters (dark black dots in the first window) suggest 203-185 are possible price targets. Lastly, as I wrote before, all good things come in threes (numbered trendline 1,2,3..?). We may witness, hopefully, a price action bottom then. But, as always, there's no guarantee.
CSL has more downside...and chat
Add CSL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$280.92 |
Change
-1.080(0.38%) |
Mkt cap ! $135.7B | |||
| Open | High | Low | Value | Volume |
| $279.09 | $281.93 | $279.04 | $158.3M | 564.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250 | $280.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $281.00 | 199 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$280.90 |
Change
-1.080 ( 0.70 %) |
||||
| Open | High | Low | Volume | ||
| $279.61 | $282.55 | $279.06 | 59791 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| CSL (ASX) Chart |