CSL range bound within a rising wedge. Buying opportunity soon.
Price action suggests continuation of consolidation. Break out to upside will likely occur on positive vaccine news, or profitability numbers, or resumption of blood collection sites..or when this bullish pennant reaches the peak and sellers get exhausted. We are above MAs as well
CSL pulling back to 50 moving average in the past it has been a good accumulation area. I am adding more CSL to my portfolio for the long term.
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
Price being controlled by traders. Price respecting uptrend/trendline. Forming an ascending triangle. Breakout will likely occur to the upside at peak of triangle. Likely will coincide with positive AstraZeneca Vaccine news or CSL distribution news.
CSL LIMITES Will Rise Next Days I advais you To Keep it in the portfolio or double you investment The Target 332.50 AUD Stooploss 302.20 AUD
Australia's biggest health care stock $CSL could be breaking out of this wedge and an inverse head and shoulders today or next week. Time to add more if we do!
BULLISH TRIANGLE PATTERN COMPLETE
I'm planning to add more CSL to my portfolio if price can break and close above this downtrend line + the 20-week moving averages + 50-week moving average.
CLS is underperforming the XJO for some time. CLS Underperformance to XJO was last seen around 2009. CLS nicely consolidated around 200 MA I am invested for long term portfolio. Great buy around 270$ Negative - 17th June - change in leadership CFO Mr David Lamont resigned. Company is in acquisition spree making the best use of the opportunity....
CSL RSI has broken down. price most likely to follow lower. CSL will follow ASX smack down in the coming month. M