In terms of it’s MAJOR trend, if weekly or monthly charts are analysed, CSL is still in a MAJOR BULL RUN with correction/pullback on the short term daily.
With today’s price action behaviour, CSL had completed a BEARISH HEAD & SHOULDERS TOP looking at this daily chart. A follow through with another lower low close over the next few days, would confirm this completed pattern.
If we look at it’s TENTATIVE BEARISH PRICE OBJECTIVE which is at $91.00 approx., we may see CSL over the days/weeks ahead trading around low $90’s should the pattern succeed.
A bearish pattern in the short term daily to be mindful of in other words.
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