The SP is very high above both the short term multiple moving averages (blue) and the long term multiple moving averages (red) whilst the price action for CSL is in an established downtrend. Also, watch the shape of these multiple moving averages, there is a pattern here which applies to both bullish and bearish trends. To reiterate, CSL is in an established downturn. What is the likelihood of a sharp down turn now? I remain bearish, but that's my opinion.
The CSL pattern, page-1114
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 (20min delay)
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Last
$284.23 |
Change
2.890(1.03%) |
Mkt cap ! $135.9B | |||
| Open | High | Low | Value | Volume |
| $283.00 | $284.64 | $282.50 | $17.52M | 60.80K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 236 | $284.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $284.23 | 19 | 3 |
View Market Depth
| Last trade - 10.16am 04/06/2024 (20 minute delay) ? |
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Last
$283.94 |
Change
2.890 ( 1.05 %) |
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| Open | High | Low | Volume | ||
| $283.00 | $284.55 | $283.00 | 1656 | ||
| Last updated 10.35am 04/06/2024 ? | |||||
| CSL (ASX) Chart |