Coles (COL) continues to see potential consolidation and accumulation.
Last Thursday (arrowed) saw an increase in volume as price came back to potential support, and with next bar up suggests the supply was bought. Today (also arrowed) saw sharply increased volume again, spread narrowed (compared to the previous bar), and the close was level, so it looks like the supply was comfortably absorbed again.
cheers
S&D, S&R, Trends, Fork's and Turnarounds, page-501
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Last
1,592.0 |
Change
-1.400(0.09%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 1,593.2 | 1,607.2 | 1,585.3 |
| XLD (ASX) Chart |
