Just starting to get in to TA and looking at CSL chart and am after some help from a more experienced TAer.
I am probably completely wrong but has the period between 24 Mar and 9th April formed a bearish pennant? And if it has do you then calculate what the down move would be after a breakout of the pennat from the previous share top on Feb 26 ($38.26 close) and the pennant start on 24 Mar ($30.30 close) giving an $8 target drop from the breakout point which looks to be about now around 31.70?
Do not have access to post a chart here unfortunately otherwise would.
Any help appreciated as I am not yet out of nappies when it comes to TA :)
head of steam, page-22
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Last
$311.12 |
Change
3.100(1.01%) |
Mkt cap ! $150.3B | |||
| Open | High | Low | Value | Volume |
| $308.75 | $311.12 | $306.32 | $220.9M | 712.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | $310.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $311.13 | 1131 | 2 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| CSL (ASX) Chart |