as i said i have been watching this stock since may this year , have seen it bounce of $12 at least 4 times. has hit a 5th and 6th time over this week and last week.
the support is there at $12. could this change in the future, maybe. but i doubt it.
its a LT play. hit 10 year or maximum on your view of the CCL chart and that should tell you the answer. plus the divs.
if you have shorted it from $15 to $12 then well done, will you get more shorting opportunities in the future, sure.
does it mean i will lose money on this investment - no
sjbola - i drive past northmead factory about once a week, now that drive will be a little sweeter now im on board
CCL Price at posting:
$12.15 Sentiment: Buy Disclosure: Held