CSL 1.18% $281.00 csl limited

ALpha, page-3

  1. 10,543 Posts.
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    re: georgenow Hi georgenow.

    Well I've had a look and I'm still committed (but not attached) to my opinion that CSL hasn't finished falling.

    That's not to say that a brief rally here and there might not break the gloom of course.

    CSL will most likely test a long term 100% retracement support at $20.

    A shorter term 161.8% retracement calc lies just below this at around $19 which is the one I have been quoting.

    Either way these things always seem to eventually go 'all the way'.

    Maybe CSL's support the last week or so has more to do with the US patriotic support scenario. But I suspect that might be at an end. Seems when the US heads down so does CSL.... as I've said before, its one of my 'market barometer stocks'.

    All this is, of course, only my opinion.....
    Cheers,

 
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