in my opinion the 32c mark was a position where selling just entered a "panic" stage.
looking closely at the chart i see perhaps the toughest ST resistance being at this level. Somewhere in between the 50c highs and 10c lows...
21c, 26c too are levels however believe that overall sentiment on COK is positive enough to push it through. have seen significant buys/top ups in the last week or so to suggest that its all systems go. 1-2 positive news feeds could trigger significant gains here. Todays 19c finish is strong though!
IMO market wont accept this stock above 30-32c until finances are settled no matter how good this stock is LT. when thats done well $75c here we come, 2014 is not far away and with the expansion we deserve such a re-rating
risk - reward is huge here! Believe that we will be taken out at close on $1.25 - $1.75
COK Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held
