Yesterday, CSL had an "inside day" - and down a little on Friday. The MACD is sitting right on the Zero line.
The stock has been in a long sideways trend for nearly three months. You can see how the RSI.14 has been oscillating between the 40 and 60 levels, not too hot, not too cold. But "just right" is no good for the medium term investor - we want to see an up-trend develop.
These sideways movements can be trying on patience, but these are the type of periods we want to see. The longer they develop, the stronger the next move will be. Whether that is up or down can't be predicted.
A move above the 34-area by CSL would be very bullish, and should see a strong move up. Patience is required.
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