Caltex Australia Limited (CTX.ASX)

9 April 2018


Technical Summary: The five year chart of CTX shows an aggressive uptrend before the stock got stuck in a long consolidation period that it remains in now. Because of this there is not much to say about the stock on the 1 year chart. For the most part the stock has travelled sideways and there is little to say about any meaningful trend or support and resistance levels. However, it can be argued that the stock has pulled back to a previous point of support and has shown strength at the current juncture. This would make the stock buyable, but it is not conclusive and might be a long shot.

Move along, nothing to see here.

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