Yep potentialy. Price is sitting on the 200 and 20 rn, with the 20 looking to dip below and the 50 starting to turn down. I would consider buying back in around $16.10 or maybe if it broke above $17.24. Just gonna keep an eye on brokers, sentiment, momentum etc as Im not really convinced either way. I do think Coles offers much better value than Woolworths, see their increased capex as a positive for future earnings, emergence from lockdown could help them gain back market share from woolies and iga. Also potentially able to pass on inflation better than other companies. On the flip side is the normalisation of sales coming out of lockdown, and maybe the market will be more focussed on "reopening" plays over companies like Coles for a while
Yep potentialy. Price is sitting on the 200 and 20 rn, with the...
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Last
$17.03 |
Change
-0.170(0.99%) |
Mkt cap ! $22.81B | |||
| Open | High | Low | Value | Volume |
| $17.25 | $17.34 | $17.03 | $42.34M | 2.475M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26665 | $17.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.07 | 2201 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| COL (ASX) Chart |