Skip to Content

Technical view on CSL, SHL & NXT

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

The Latest Q&A

Question asked

Technical view on CSL, SHL & NXT

Hi MM team, Just your opinion on CSL,If it doesn't hold at the $242 price level where in probability do you see the next level to hold/possible buy price??Also which do you prefer CSL OR SHL?? Also your view on NXT after it's double top on weekly chart. Would like you guy's to supply more technical analysis in regards to your views on stocks ,would be appreciated, Thanks. Tim.


Hi Tim,

Please see our technical thoughts on all 3 below:

CSL Ltd (CSL) $256.37 – is clearly holding $240 support but in todays environment a panic style drop towards $200 cannot be discounted hence we are not averaging our holding in this quality business until further notice.

Sonic Healthcare (SHL) $37.69 – we like risk / reward with SHL after its 21% correction, we like the approach of accumulating into weakness under $38.

(NXT) $10.28 – we like this data centre business after its recent 30% correction, again we would describe it as an accumulate in todays new bond yield environment i.e. interest rate hikes are on the agenda.

image description
image description

Relevant suggested news and content from the site

Back to top