It is early yes, but this $108 level did act as a key resistance point for a long time and now we are seeing a decent amount of support on the way down at this price. It's still early but i'd be expecting some sideways trading around this level before it hits new highs. I rekon further interest rate cuts will almost certainly propel CSL to 130+ all else equal
Also keep in mind the exchange rate at the moment isn't doing CSL any favours..
Why the big drop, page-6
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Last
$301.20 |
Change
-4.470(1.46%) |
Mkt cap ! $145.5B | |||
| Open | High | Low | Value | Volume |
| $301.50 | $305.00 | $300.24 | $92.35M | 306.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 48 | $301.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $301.25 | 34 | 3 |
View Market Depth
| Last trade - 14.02pm 05/08/2024 (20 minute delay) ? |
| CSL (ASX) Chart |