Text me if you have any questions/comments for me.
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CSL
- Previous analysis was done on 27 Sep -> suggested half entry around 310 levels if comfortable with overhead resistance zone
- Since then, the stock did not recover to those levels but instead had a Structure Break
- Stock is currently consolidating between the 295 resistance levels and 285 support levels
- Any further break of support could see the stock fall towards the 275 low created in July 2021
- Strategy-to-buy (DYOR) – Suggest looking at other stocks as the current trend is not conducive for trend followers
-----
CSL
- Previous analysis was done on 27 Sep -> suggested half entry around 310 levels if comfortable with overhead resistance zone
- Since then, the stock did not recover to those levels but instead had a Structure Break
- Stock is currently consolidating between the 295 resistance levels and 285 support levels
- Any further break of support could see the stock fall towards the 275 low created in July 2021
- Strategy-to-buy (DYOR) – Suggest looking at other stocks as the current trend is not conducive for trend followers