CCL 0.00% $13.30 coca-cola amatil limited

bouncy!

  1. 1,811 Posts.
    CCL looked like it was forming a larger descending triangle than the previous (which accounted for the recent downtrend). Price action today discredits this - i believe the stock has formed a double bottom (19th June, 26th June) and after a bit of consolidation between $12.96 and $13.10 wants to head back up to test $13.40. Could see this by end of week.

    If we get rally through july, fully expect new highs, looking at the current range have a target of $14 later July, early September.

    Current support at $12.90, next resistance $13.40

    My thoughs. WB.
 
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