From a shorters perspective:
Theres been technical weakness written all over the CSL chart for a while now.
Combined with the pricey fundamentals, it was only a matter of time.
It has currently fallen out of its short term trading channel, which is a further sign of weakness.
My conservative price target is $25.30, which is a straight forward double top extension.
May go lower if we continue to see a move out of the defensive stocks.
There is definitely room for more downside.
This horse has been led to water and is drinking his fill :)
From a shorters perspective:Theres been technical weakness...
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 (20min delay)
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Last
$285.29 |
Change
1.900(0.67%) |
Mkt cap ! $138.1B | |||
| Open | High | Low | Value | Volume |
| $286.24 | $286.95 | $283.70 | $138.5M | 483.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 79 | $285.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $285.40 | 112 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CSL (ASX) Chart |