CSL - CSL LIMITED

[wren]

An update on our CSL trade.(I realise this isn't a 'forum type stock' as it won't quadruple tomorrow.Still, 10% in a month is possible and that wouldn't be all bad).

Today vol.is up and has been the missing part to this technical trade setup.Price is currently up 1.8% (but the day is young!)

On the chart the lower panel shows that CSL has begun to outperform XJO: a good sign.

[wolverine]

Hi Wren

 

It is a PF stock for my SF so I'm interested.

[mistagear]

Hi Wren,

 

Have been following this one, even traded the last 4x ATR move. My question is related to time of year rather than tech. I've noticed some history of consolidations over the lower volume Christmas period, followed by price and volume advance in Jan.

I exited last week thinking there would be a rate of change decline and test of support over the next few weeks, however todays break higher has caught me out.

 

Do you think this breakout will stick prior to the (expected) volume slowdown ?

 

Cheers, M

[wren]

Hi mista,

Interesting observation of the seasonal change in CSL.I had not noticed that.Actually I'm not much of a cycle follower (not saying there's nothing to it!) but recently while in London read a new volume on the subject as light reading--what a victim.Can't put my hand on it right now but was more 'mathmatical' than seasonal: rather like John Ehler's stuff years ago. (that spelling doesn't look correct).

Back to CSL.The volume still isn't what I would like to see so from a Tech.perspective,so a fallback hasn't been totally ruled out imo.That's why-as you know- we have defined exit conditions to follow if it turns to custard--as the Kiwis say.

[dee27]

Goldman Sachs have advised their clients to switch out of Australian domestic healthcare exposure into US healthcare exposure by selling Ramsay healthcare and buying CSL. Might be part of the reason behind the recent strength?

[wren]

Hi dee,

Could be a factor-it would have to some impact.Of course CSL has a monster buyback in progress which also helps.

I'm not a Fundamentalist however CSL should tick most fundy boxes I would think. Minimal or no debt,serious cash flow and a consistently high return on equity.With a stock like that who needs dividends?

[dee27]

Been in since the float Wren and it has been very kind to me

 

 

[wren]

Great call dee. IMO australia has very,very, few great companies which actually do something other than digging up stuff which just happened to be here. CSL has been a standout.

[wren]

Here is an update of CSL.Not a future 10 bagger but most unlikely to be a minus 10 bagger.Curiously,the minus 10 baggers are the most discussed stocks on SS.Maybe misery really does love company.

[Tylergold]

USD earnings