CSL 0.81% $309.18 csl limited

Currently, the SP is below the Parabolic Sar and the Momentum...

  1. 806 Posts.
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    Currently, the SP is below the Parabolic Sar and the Momentum indicator is way up there (+50) and threatening to negatively cross its signal line. Sure, nothing says it can't go even higher but, unlike the period between June-03 and June-21 (two vertical lines), the SP is now below the Sar, nonetheless. One may wait until there is a new buy signal (green arrow) before buying. Waiting for a buy signal may mean paying a higher price, but that's the price to pay for peace of mind.

    https://hotcopper.com.au/data/attachments/3539/3539556-554bdd5a02c8f2b187d9e8e13a32795c.jpg










    Last edited by Ichimokou: 02/09/21
 
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