I bought CSL post the March crash because I felt it would probably resume its historical pattern of a steady increase. Price recovered rapidly and then for 6 weeks has consistently drifted lower. The retracement could be expected as a reaction to the overly quick recovery from March - but where will it stop? Will it slip back to the bottom of the channel (shaded on chart) around $265 or will price start to recover from the usual 50% retracement of the rally after the March low? The jury is out for me but price yesterday closed at that 50% retracement level which is also a level of natural support/resistance - so there is a chance that might stop the rot. The last two daily candles have been very negative. My money (literally) is on the recovery scenario but I'm wavering!
The CSL pattern, page-2
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Last
$279.90 |
Change
0.340(0.12%) |
Mkt cap ! $135.2B |
Open | High | Low | Value | Volume |
$279.74 | $281.78 | $278.67 | $138.3M | 494.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 249 | $279.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$280.00 | 2440 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1006 | 279.170 |
3 | 3272 | 279.000 |
2 | 637 | 278.870 |
1 | 1006 | 278.830 |
1 | 3 | 278.800 |
Price($) | Vol. | No. |
---|---|---|
280.000 | 2430 | 11 |
280.100 | 149 | 3 |
280.140 | 1006 | 1 |
280.160 | 56 | 1 |
280.310 | 1006 | 2 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$279.61 |
  |
Change
0.340 ( 0.09 %) |
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Open | High | Low | Volume | ||
$279.64 | $281.76 | $278.68 | 74293 | ||
Last updated 15.59pm 08/05/2024 ? |
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CSL (ASX) Chart |
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