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
$312.35 |
Change
3.170(1.03%) |
Mkt cap ! $150.6B |
Open | High | Low | Value | Volume |
$311.01 | $313.50 | $310.40 | $69.55M | 222.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 23 | $312.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$312.37 | 698 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9 | 312.550 |
1 | 1 | 312.540 |
2 | 66 | 312.530 |
1 | 1 | 312.520 |
2 | 56 | 312.490 |
Price($) | Vol. | No. |
---|---|---|
312.620 | 30 | 5 |
312.630 | 14 | 1 |
312.640 | 15 | 1 |
312.650 | 25 | 1 |
312.670 | 28 | 3 |
Last trade - 13.23pm 23/07/2024 (20 minute delay) ? |
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