Time to enter ASX:CSL ⁉️Last week, CSL management received positive feedback and the stock is currently in a base. While there is no confirmation of a new trend, the risk-reward ratio is favorable to add a small amount and let the market guide for further additions. I will only add up to 50% of my position in the low base, so if the stock fails to reach its all-time high, I will still have some gains to take away. The stock symbol is $ASX:CSL.
Disclosure: I am investing in my super account for the first trance I cannot provide any recommendations to buy or sell. It is essential for you to conduct your own research.
CSL
Carlisle trading above channelCarlisle Cos Inc. (CSL) presently trading above significant channel resistance. If a weekly settlement above this channel resistance occurs, this would place (CSL) in a buy signal where gains of 15% would be expected within 2-3 months, and 20-25% within 5-8 months. Inversely, if (CSL) does not manage to close above the channel resistance, the market may turn bearish with anticipated losses of about 20% over the next 2-3 months.
CSL.ASX_Bullish Breakout Trade_LongENTRY: 299.20
SL: 285.64
TP: 317.82
- ADX<25. Would like to be higher.
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned.
- Breakout of consolidation area on 6 Jul 2022 before going into another consolidation range.
- Recovered well on 17 Aug 2022 after earnings indicating possible buyers still in play.
- Entry today based on breakout and rebound off 10EMA and 20EMA with volume. Would like the rebound to be >3%.
CSL for a breakout & grind higher on improving fundamentalsCSL is seeing improved plasma collection as places like the US start to return to normal. Additionally the Vifor acquisition should complete in the next few months with the potential for the stock to re-rate higher. The stock has formed an ascending triangle formation with resistance being tested on multiple occasions at the 273/274 level at which a major stock placement to fund the Vifor acquisition was recently conducted. A breakout at 274 was observed with the stock pulling back to retest that level as support. With improving fundamentals and a bullish chart formation, I think this stock is good for a trade. Targetting 297 to the upside as measured by triangle width and aligning with level from which the stock fell when the recent placement was announced. Placing stops just below the ascending trendline.
CSL - Are the Bulls Entering at Support@As we can see that the Support Zone of $268.00 - $274.00 has been strong because it got bounced off in the end of July 2020, and price made a high of $320.00 then. Now that CSL was plunging, the same support has held very well and we can see the downtrend line violated, with a Bullish Candle closing above it, with High Volume.
MACD has also crossed and RSI has come out of the Oversold region, indicating that the Bullls have taken control and want to take it higher. My targets are as follows:
1. TP1 is $287.00 - $290.00 region (Resistance 1) (4% - 5% potential)
2. TP2 is $298.00 - $300.00 region (Resistance 2) (8% - 9% potential)
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
CSL goes to next level at 356Based on the chart, we can see a breakout, retest point at around 307 with a huge volume.
CSL is sideway, if it break the resistance at 320, it'll go to the previous ATH then 356 based on Elliott Impulse Wave.
I think investors will taking profit, because appearing a doji candle on the top in 31 Aug and 23 Sep. Caution that!!!
Share with me about your thought.
Biotech - CSLModel has given entry signals for CSL Limited:
- CSL Limited is a global specialty biotechnology company that researches, develops, manufactures, and markets products to treat and prevent serious human medical conditions.
- We are very excited about opportunities in the biotech sector, as we believe the fight against COVID is going to move to the next phase in the nearest future.
- Technically in a Wyckoff accumulation structure with a spring, possibly testing the channel top.
GLHF,
DPT
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CSL - A Potential buy Plan?CSL could be bottoming, as it appears so on the Weekly chart after it bounced off support with High Volume. Could it be a double bottom? Maybe, only time will tell. At this point, it seems that it may have bottomed medium term and may move higher. My trade plan is as follows:
TP1 - $270.00 (potential gain 6%)
TP2 - $288.00 (potential gain 13%)
Stoploss - $237.00
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CSL- Consolidating nicely around 200MA ( Accumulation)
CLS is underperforming the XJO for some time.
CLS Underperformance to XJO was last seen around 2009.
CLS nicely consolidated around 200 MA
I am invested for long term portfolio.
Great buy around 270$
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.