CSL 0.55% $287.92 csl limited

I'd say there's a short-term bullish sign approaching due to the...

  1. 1,459 Posts.
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    I'd say there's a short-term bullish sign approaching due to the crossover of the two moving averages. This happened previously in November last year and now I can see the short term will be crossing the long term again, which is in line with the upcoming rally to FY21 report.

    https://hotcopper.com.au/data/attachments/3390/3390432-bca71c086d81c778c4c5760758ac0081.jpg

    Long term: to break this current downtrend we need to get comfortably over & sustain the $300 mark. Which may be possible given the report, but as drg said, CSL is the fade king. So i see a risk on this.

    I'd say macro influences here would be the Forex rate and CSL's FY22 outlook coming in the report. Plus all the CV Delta issues harping on global momentum at the moment.

    https://hotcopper.com.au/data/attachments/3390/3390446-cc05fcb194a64f9038ff98396d986144.jpg

    And I know you're more bearish than I am, but this very long term trading channel just has too much respect for me to actually believe we'll be seeing anything lower than $270 moving forward.

    https://hotcopper.com.au/data/attachments/3390/3390460-2ce9351e572961730504d9e115e69edd.jpg


 
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