CSL Ltd Stock Forum

It's the global index flow...moving more cash to equities...equities near historic high level. They usually target the top 10 stocks but since $BHP Group Ltd (BHP.AU)$ is off the radar with China worries, $CommBank (CBA.AU)$ and $CSL Ltd (CSL.AU)$ are getting extra boost. When the flow stops, we will see who is swimming naked!

Health Care (+0.74%) was the best performing sector today, likely in response to gains in its largest constituent, CSL ( $CSL Ltd (CSL.AU)$ ) (+0.76%). I’ve featured CSL in my ChartWatch Daily Scans uptrends list several times over the last couple of weeks. I think it looks even more the picture of demand-side control after today’s candle.

$CSL Ltd (CSL.AU)$ once a stock breaks out of an accumulation base where you've taken a small starter position keep piling into the trend whenever you can sensibly raise your stop. Ever wondered why some trends just keep going for no apparent reason - because the big guys are doing it too

G'day, mooers! Check out the latest news on today's stock market!
• S&P 500, Nasdaq saw a dip
• Australian shares slip as inflation worries heighten; Cettire tumbles 40%
• Stocks to watch: Cettire, Myer, Premier, Metcash, Star Entertainment
Wall Street Summary
U.S. stock indices retreated as $NVIDIA (NVDA.US)$ gave back some of its recent gains ahead of the quarter-end rebalancing of investors' portfolio tha...

• Top gainers: $Lovisa Holdings Ltd (LOV.AU)$, $Growthpoint Properties Australia (GOZ.AU)$, $Ventia Services Group Ltd (VNT.AU)$
• Top losers: $IDP Education Ltd (IEL.AU)$, $Cochlear Ltd (COH.AU)$, $Meridian Energy Ltd (MEZ.AU)$
Market Performance
Australia's benchmark index, $S&P/ASX 200 (.XJO.AU)$, closed steady at 7769.4 on Thursday, as gains in financial and real estate stocks offset losses in other sectors. Wi...

EU has secured an option to buy 40 million bird flu vaccines from $CSL Ltd (CSL.AU)$ ….Probably a good chance that CSL shares will breakout of its trading range if the bird flu SCAM becomes a thing.

Who is CSL Ltd? $CSL Ltd (CSL.AU)$
CSL is one of the world's largest biotechnology companies, and today CSL comprises three business units: CSL Behring, CSL Seqirus, and CSL Vifor.
1) CSL Behring uses plasma-derived proteins or recombinant proteins to treat diseases such as immunodeficiencies, bleeding disorders, and neurological indications.
2) Seqirus is now the world's second-largest influenza vaccine provider, acquired in the 2015 fiscal...

Even with the market volatility, $CSL Ltd (CSL.AU)$ still remains a strong investment pick in my eyes. It's got all the right ingredients for success - growing plasma collections, new product approvals, and an increasing demand for flu vaccines in this respiratory virus-ridden world. Plus, its shares are trading at a whopping 25x discount compared to its long-term average, which feels like a steal!

• Top gainers: $Xero Ltd (XRO.AU)$, $Fletcher Building Ltd (FBU.AU)$, $Treasury Wine Estates Ltd (TWE.AU)$
• Top losers: $Nufarm Ltd (NUF.AU)$, $Bellevue Gold Ltd (BGL.AU)$, $Sandfire Resources Ltd (SFR.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.5% lower at 7811.8, losing its chance at a record high amid weakness in shares of large-cap miners and banks. The ASX 200 is now 1.1% off the record high it set in March....

This remains a sell in my opinion. It has failed to make new highs with the rest of the market.
The structure and setup still suggests a downside target of $150-158 (stretch target to $140s).
Currently trading at $278.
$CSL Ltd (CSL.AU)$