Noting the conversations on this forum about down-ramping, I'm saying this out of pure charting only, not from a lack of love for CSL.
We're not out of the woods yet. $305.50 is the max allowable share price range in this downward wedge. Anything over this and i would believe we have broken out of the trading range, which would be strong support for the next leg up.
The price action this week looks pretty important to me...
The CSL pattern, page-978
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 (20min delay)
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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
| 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 ? | |||||
| CSL (ASX) Chart |