CSL 0.77% $290.74 csl limited

I see minor resistance at $35.07 being the intra-day high back...

  1. 315 Posts.
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    I see minor resistance at $35.07 being the intra-day high back on May 1 last year (May 2 high was $34.85 which was also todays high. May 2 was the highest close in that peak so it may be the driver not May 1 so $34.85 may be what matters).

    I expect real resistance will be hit at the $36.00 - $36.50 area which is the only remaining gap above us which was left on Mar 2 last year.

    We also have the last remaining downtrend lines dating back to May 2008. These downtrend lines are currently sitting around $36 (intra-day high downtrend) or $37.50 (closing downtrend). No attempt to break these lines has occured yet during our consolidation.

    Get by the gap and the downtrend lines and a re-test of the all time high ($43.19 high/$42.33 close) is on the cards but that is still a long way away :)
 
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