Still giving this one the benefit of the doubt ATM.
Some Coppock indicator explanation here. Although designed for longer term trends I find it very useful on a daily chart however crossing the zero line usually provides the most movement in price depending from which direction the indicator is approaching. Worst scenario would be to turn before the zero and best to punch straight through. Some BOT buying going on of late and suspect CCGinc are still accumulating here.
F/A wise there is rumour FGL will sell it's overpriced wine assets at some stage and Schweppes is jumping through ASSIC's hoops to on sell it's carbonated division which if successful should give CCL more pricing control but I feel this is why Assic is looking long and hard. Still think it's still a bit expensive on today's price but it's what happens going forward in earnings that has me interested ATM.
Here is a close up of my chart showing historical fib lines. Take note of previous occasions where the coppock has passed through the zero line.
Merry Christmas. P. Manage your risks.
CCL Price at posting:
$10.90 Sentiment: Hold Disclosure: Held
