Andy_D

Bullish Pennant Forming - Prime for Breakout!

Long
ASX:CSL   CSL LIMITED
Technically, forming a bullish pennant.

Fundamentally, CSL will be the provider of the vaccine, even with the recent losses in blood donors, this carries bullish sentiment.

I'm predicting a large breakout some time in Late January, or Feb.

Also, as you can see, it's consolidating on the RSI.

IMO the stock consolidates until then, then we should see it go higher

*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.