CCL 0.00% $13.30 coca-cola amatil limited

$11.00 short term target, page-10

  1. 3,651 Posts.
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    $10 is a massive psychological barrier to get through for any stock, so am not convinced yet that the play is still not valid.....tomorrow will help to paint the weekly picture, then will revisit the charts based on that. That bearish candle from week ending 11th April 2014, had a close of $9.74. Whilst it would be bullish to see a weekly close tomorrow at or above this price, a bearish sign was the lack of CCL creating a higher low this week. Reveresly bullish it made a higher high as of writing with one trading day to go....Seems to me at present there is a stoush on between the bears and bulls, and I am not sure whom will win at this point. Follow through tomorrow with increased selling down on volume would be bearish and vice versa.....

    Cheers
    GF
 
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