CSL 2.08% $285.10 csl limited

Just some comments and an update on charts from about a week...

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    Just some comments and an update on charts from about a week ago.

    Was a great week for CSL, not only price wise but more importantly for me the price broke back above my long term support lines. Thursday was technically a clasic day as we hit both horizontal support and the downtrend resistance from Sep 08 which converged at $32.67. This week we also broke above our down slopping wedge (assuming it is valid); this is meant to be positive, but technically I have no idea what the price move is meant to be when it occurs :)

    So anyway, the charts. First is a 5 month chart showing our wedge as well as our upper resistance line and my lower long-term support lines.



    Second chart is a 1.5 years chart showing longerterm resistance points above us including the large gap from $36.00 - $36.50.



    Still have the gap from $31.19 - $31.26 left behind on last Monday and in general I have found CSL likes to fill gaps even if it takes a while, hopefully this time is different :)
 
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