I will look at CSl as my 'one to watch' this week as technically it is doing everything right

Chris Weston

Pepperstone

I will look at CSl as my 'one to watch' this week as technically it is doing everything right. No stock in the ASX 200 is showing the same sort of momentum that CSL is exerting right now. If we scan the ASX 200 for stocks trading at a thirty-day high, which closed at or above the top of its Bollinger band, with all moving averages aligned and heading higher and with volume on up days at least 30% above its fifteen day average, then CSL is the only name I can see here. It also closed a new high on Friday and with the ten-day RSI still not above 70, this is a stock that traders will be keen to buy on any weakness.


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Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

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