Good luck to all holders!
CSL Ltd forms bullish "Rounded Bottom" chart pattern
Nov 02, 2015
Recognia has detected a "Rounded Bottom" chart pattern formed on CSL Ltd (CSL:ASX). This bullish signal indicates that the stock price may rise from the close of 92.30 to the range of 96.00 - 96.80. The pattern formed over 46 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.
Tells Me: There has been a gradual shift from a downtrend to an uptrend; there may be a sharp rally ahead. The Rounded Bottom represents a slow and gradual reversal of the trend from down to sideways to up. Volume diminishes near the bottom as the stock trades within a range and finally bursts as investors become more decisively bullish. While rarer than other reversal patterns and often longer term, Rounded Bottoms usually mark a major turnaround.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.
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Good luck to all holders! CSL Ltd forms bullish "Rounded Bottom"...
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Last
$274.38 |
Change
1.075(0.39%) |
Mkt cap ! $132.0B | |||
| Open | High | Low | Value | Volume |
| $274.75 | $275.12 | $272.56 | $26.47M | 96.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12 | $274.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $274.40 | 49 | 3 |
View Market Depth
| Last trade - 12.28pm 29/04/2024 (20 minute delay) ? |
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Last
$273.77 |
Change
1.075 ( 0.14 %) |
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| Open | High | Low | Volume | ||
| $274.80 | $275.12 | $272.60 | 11739 | ||
| Last updated 12.45pm 29/04/2024 ? | |||||
| CSL (ASX) Chart |