CCL 0.00% $13.30 coca-cola amatil limited

Hi mate,This is how she is shaping up.As you can see 11.24...

  1. 1,929 Posts.
    Hi mate,

    This is how she is shaping up.

    CCL Daily 7th JAN 2011

    As you can see 11.24 resistance ATM.
    11.09 is strong possibility before she moves up as indicated by the Coppock and backed up by the stochastics.
    Guidance gave some clarity to earnings and sometimes that is a good thing.
    Fortunately I mucked up my sell order and did not get filled so still holding both parcels.
    Perhaps SPC demand will be increased given the recent QLD deluge. Daily shorts are still in the low region last time I looked, (under 10%) 11.56 should be seen ST if indicators remain in tact.

    P. Still think it's expensive but if market continues to weaken CCL longs after recent fall from 12.74 and earnings certainty will keep my interest here with trailing stops.
 
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