COL 0.42% $18.92 coles group limited.

Darvas Box, page-10

  1. 16,642 Posts.
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    Yes, I see the box @acouch (I have a basic understanding of Darvis' work).
    I have been viewing it as well, but in Wyckoff terms, as a potential accumulation zone.
    The recent, and ongoing, price action suggests this to be true.
    I have been posting for a few weeks now (on another thread), that it appears COL is being steadily and quietly bought by the market.
    It is not actually being bid higher yet, and any over enthusiasm to push it higher may not be broadly supported at this stage.
    It can all still fall apart and be abandoned yet, but if everything holds together (both at a stock level, and in broader economic terms) I expect a mark up phase and positive influence to be established later in the year, possibly after the next half year report.

    cheers
 
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