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!
I bought CSL post the March crash because I felt it would...
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Last
$275.80 |
Change
0.410(0.15%) |
Mkt cap ! $133.2B | |||
| Open | High | Low | Value | Volume |
| $276.00 | $277.50 | $274.44 | $131.0M | 472.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 83 | $275.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $275.93 | 109 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$276.25 |
Change
0.410 ( 0.14 %) |
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| Open | High | Low | Volume | ||
| $276.01 | $277.50 | $274.48 | 149758 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CSL (ASX) Chart |