CSL – CSL Ltd
These extracts from my trading diary are for educational purposes only and should not be interpreted as investment or trading advice: Terms of use
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Code: |
Company Name: |
Sector: |
Size: |
Confirmed Trend: |
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CSL |
Â
CSL Ltd |
Â
Pharmaceuticals |
Â
ASX Top 50 |
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Commentary:
CSL Ltd has confirmed a new up trend by crossing the down trend line and the two previous peaks on a weekly chart, at 34.06. An exit would be confirmed at $30.55, the previous trough.
Using this method in backtesting over 16 years, CSL has an amazing 91% win rate, and a 3 to 1 profit to loss.
Click the chart below to enlarge:
Previous Trend Changes:
 – November 2008, Trend Line Exit Signal at $30.85
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January 26, 2010
Tags: asx market watch, CSL, investment, Research, trading, trend, trend line Posted in: Research On Australian Stock Trends
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