Time to enter ASX:CSL ⁉️Last week, CSL management received positive feedback and the stock is currently in a base. While there is no confirmation of a new trend, the risk-reward ratio is favorable to add a small amount and let the market guide for further additions. I will only add up to 50% of my position in the low base, so if the stock fails to reach its all-time high, I will still have some gains to take away. The stock symbol is $ASX:CSL.
Disclosure: I am investing in my super account for the first trance I cannot provide any recommendations to buy or sell. It is essential for you to conduct your own research.
Cslltd
ASX:CSL- Consolidating nicely around 200MA ( Accumulation)
CLS is underperforming the XJO for some time.
CLS Underperformance to XJO was last seen around 2009.
CLS nicely consolidated around 200 MA
I am invested for long term portfolio.
Great buy around 270$
Negative - 17th June - change in leadership CFO Mr David Lamont resigned.
Company is in acquisition spree making the best use of the opportunity.
Australia highest market cap company - good opportunity to keep adding in this retracement.
CSLLY Double BumpCSLLY has experienced many chart pattern formations over the years, including a horn bottom, an Adam bottom, an ascending broadening wedge which led to a bearish reversal, and is currently experiencing a ‘bump and run’ pattern. ~0.75 regression uptrend, overall very bullish even if a small bearish pullback does occur. A lot of bump and run patterns seem to be present within various pharmaceutical companies. Maybe its just my selection preference..