Text me if you have any questions/comments for me.
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CSL
- Previous analysis was done on 7 Sep -> suggested half entry around 310 levels if comfortable with overhead resistance zone
- Since then, the stock continues to be bounded by the overhead resistance zone (blue shaded area) and the counter-trendline (purple dash line)
- As mentioned in last night’s livestream, I raised my concerns that the stock might experience a retracement
- Stock closed below the short-term average -> we could see a test of the mid-term support this week
- A successful rebound would be when the stock goes back to 310 levels
- R is below 10%
- Strategy-to-buy (DYOR) – Suggest half entry around 310 levels if comfortable with overhead resistance zone
-----
CSL
- Previous analysis was done on 7 Sep -> suggested half entry around 310 levels if comfortable with overhead resistance zone
- Since then, the stock continues to be bounded by the overhead resistance zone (blue shaded area) and the counter-trendline (purple dash line)
- As mentioned in last night’s livestream, I raised my concerns that the stock might experience a retracement
- Stock closed below the short-term average -> we could see a test of the mid-term support this week
- A successful rebound would be when the stock goes back to 310 levels
- R is below 10%
- Strategy-to-buy (DYOR) – Suggest half entry around 310 levels if comfortable with overhead resistance zone