CSL Limited (CSL.ASX)

1 June 2018

Technical Summary: Beautiful long term chart for CSL. The stock has been a trend followers dream, working its way to all time highs without any cause to worry from a volatility perspective. The best time to buy a stock like CSL that is trending is when it emerges from a consolidated base. This was the case earlier this year when the stock broke out of a cup with handle type base after a long consolidation. The stock, at the current juncture currently sits a bit overextended and investors should wait for a similar consolidation period for the next entry.

Beautiful long-term chart from CSL

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