CSL 0.40% $300.58 csl limited

Hi Ashahriar,I have various versions that have the lines...

  1. 324 Posts.
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    Hi Ashahriar,

    I have various versions that have the lines converging between 21 and 32 trading days from last Friday but I do not think going to that point is valid for a stock like CLS as it has regular intra-day price ranges between 40c - 70c. So you are correct that Weds may not be the defining moment but I do not believe that it can go to far beyond that date before the bands become to tight to support staying within an acceptable range.

    So reporting day for me I still see as the defining moment as I expect to see enough swing in sentiment occur that day which will push CSL outside the current range given we only need a 2% change in price to break either direction from the center point of the wedge. Good thing is we only have a few days to wait and see if it occurs :)


 
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$300.58
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$300.74 $300.99 $298.81 $240.1M 820.5K

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1 1000 $300.56
 

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$300.59 836 2
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Last trade - 16.10pm 18/10/2024 (20 minute delay) ?
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