Long

ASX:CSL- Consolidating nicely around 200MA ( Accumulation)

Updated

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.

Trade closed manually

Closed position last week showing weakness in a strong market. Still in tracking list and will wait for the consolidation/correction phase to complete and once bullish pattern is formed in daily or weekly chart.

Note

ASX:CSL Exit important even its best performing stock and leader.

👉 Stock Price on date of exit – $292

👉 Stock Price last close - $263.84

🔥 Saved Loss of 28$ per share and opportunity loss of close to 9 months.

👇 trading journal

ASX:CSL- Consolidating nicely around 200MA ( Accumulation)

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