Been lots of buy signals recently and we may be about to get another.
50 ema (purple) is surging up to the 200 ema (blue) for a possible golden cross, for it not to happen the price would have to drop spectacularly starting tomorrow. Current gap between the two is 14c and the 50 ema is climbing about 12c a day and the 200 ema about 2c so it should catch in 2 days. I know I mentioned a possible golden cross about 5 months ago which failed (50 ema got a whole 4c above the 200 ema before breaking down) but this one looks a lot more solid.
Add to that a possible short term pennant forming over the last few days and things look good for another possible surge.
If I was a betting man I would guess CSL will break out of the pennant in 2 days time when the 50ema crosses the 200!
Notice I use possible many times so take everything I post with a (large) grain of salt :)
Been lots of buy signals recently and we may be about to get...
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Last
$290.74 |
Change
-2.260(0.77%) |
Mkt cap ! $140.5B | |||
| Open | High | Low | Value | Volume |
| $293.10 | $294.00 | $289.94 | $383.0M | 1.311M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 400 | $290.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $290.74 | 1524 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| CSL (ASX) Chart |