hey mate, probably you are right...I am looking at bearish side of chart..it’s just that market has lately broken mt all high conviction stocks much below expectation and price action in CSL these few months is not showing accumulation, it is more like distribution from Instos towards retail.
and fundamentally, market would not want to pay a PE of 33 when growth in 2021 is merely 8%. That is a big challenge for CSL ATM. H2 is not committed good.
The CSL pattern, page-679
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 (20min delay)
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Last
$282.09 |
Change
0.750(0.27%) |
Mkt cap ! $137.2B | |||
| Open | High | Low | Value | Volume |
| $283.00 | $284.64 | $281.78 | $55.07M | 193.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 98 | $282.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $282.12 | 60 | 4 |
View Market Depth
| Last trade - 13.39pm 04/06/2024 (20 minute delay) ? |
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Last
$282.45 |
Change
0.750 ( 0.52 %) |
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| Open | High | Low | Volume | ||
| $283.00 | $284.55 | $281.86 | 9000 | ||
| Last updated 13.58pm 04/06/2024 ? | |||||
| CSL (ASX) Chart |