Time to add CSL to the watchlist $CSL #asx #asx200 CSL is forming an inverse head and shoulders pattern.
Technical indicators MACD and RSI are looking good for an uptrend breakout in the coming days or weeks.
Asx20
Normal correction ahead for ANZANZ is moving in a 5 wave pattern and have already completed Wave 3.
Now it is heading for correction wave 4.
Once it reaches point A on the chart, we will see an bit of uptrend where it will meet point B. Post point B, it will continue its journey south
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
ASX:All- ASX20 stock close to ATH or Resistance (Chart update)
ASX:ALL
The Last post was On Aug 17 2020 - the tock has given a handsome gain of close to 35% in 7 months.
This is ASX20 large-cap and gain of close 40% consider super cool with low risk and annualized over 60%
ASX dump. 6000 did not hold!I did not expect such strong selling through the 6000 level so soon. I was honestly expecting a bounced at 6000 with long term support (trend line) holding.. I guess THEY had other plans ;)
The selling occurred due to the $DJI breaking support and dipping just under 6%.
Second target in sight, however, the fisher and RVGI are both over extended so I expect some green action to come next week. I will need to revisit at todays close to determine if this may occur or not, the current candle stick is already a sign of reversal and it is approx 1:30pm.
I will also link the DJI chart for reference of support break.
Reminder to check my last charts in related ideas. Previous chart called for 6000 being reached within 5 work days.
