why such a fall from 9.35 a few days ago to 8.30s now as i speak???
great consumer disxcrectionary defensive play
volume isnt huge either from what i can see??
is it time to dip back in for a ride back up to resistence???
what do u think of the chart?? A lot of previous closes at 8.20-30 area and we basically climbed from around 7.80 to 9.35 after the good report came out
0.617 from the up move (7.85 to 9.35) suggests 8.42
good support anywhere between 7.85 to 8.00 to 8.30 as there a re many previous closes in this area
Still a HUUGE fall in just a few days
the fundies must be taking profits maybr coz they made some on this one
i think this down move will bottom out somewhere here and therell be gradual move back up to test resistence at 9.00-9.35 area again soon
good defensive stock - - everyones gonna keep buying coke cans and alcohol even in a recession
any thoughts??
CCL Price at posting:
$8.30 Sentiment: None Disclosure: Held
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