CSL looking unwell

1 Mar 2023

So... my previous bullish attempt at this pattern failed, and I am now looking at the bearish play. A rising wedge pattern, looking to break from the rising support line. If this plays out, then the target will be around $248. The target is supported by the height of wedge, fair value gap and fib level, so looks to be a very strong possibility. The bearish sentiment is also supported by the disruptions to CSL business (Vifor), a higher cost environment, interest rates rises and latest drop in dividend payout.

DYOR and trade at own risk.

14 Mar 2023

İşlem aktif

Hah here we go, loss of support from trend line.