From @morgans Technical Analyst - CSL has been trading in an up trend over the past year, which remains technically intact

From @morgans Technical Analyst - CSL has been trading in an up trend over the past year, which remains technically intact. The up trend has lost momentum over the past three months and the price has been trading sideways, fluctuating between $65.18 and $69.75. Friday's price action broke above resistance of $69.75 confirming a rectangle pattern. The pattern has bullish implications and suggests that the secondary up trend is likely to continue. The potential upside price target based on the breakout is $74.00. Bullish breakout.