CSL Limited (CSL.ASX) | 16/08/2018 | 1 Year, Daily Chart
Breakout to new high
$215.00
$195.00
$175.00
$155.00
$135.00
$115.00
16/08/2017
13/09/2017
10/10/2017
7/11/2017
5/12/2017
7/01/2018
5/02/2018
5/03/2018
5/04/2018
4/05/2018
1/06/2018
2/07/2018
30/07/2018
Breakout to new
high
Breakout to new
high
Higher lows
5 Year Chart
200
150
100
50
Technical Summary: The CSL chart is what trend followers dream about before they fall asleep or at least what they pray
for at confessionals. The stock has consistently, without too much bother found its way to new highs. When the stock has looked overextended it has generally consolidated in a base pattern or at the very most a shallow correction. There has been no corrections in the last year however and the stock has consistently found its way higher. The most recent move of significance was two trading sessions ago when the stock burst out of the gates to new highs after an earnings update. You could say that the stock looks overextended here but so far it has proven dangerous to bet against