CCL trade ideas
CCL- Coca-Cola Amatail Ltd Net Profit A$168 Million, Up 6.3%Share prices surged and closed Thursday session 5.84% after the release of its financial report. Share prices are in a good position to continue to the upside. The next target is estimated at around 11.50. Share prices might retreat due to profit-taking and other factors but it's well-positioned towards summertime which is a profitable period for its salse.
CCL - Coca-Cola Amatil Ltd long DailyDaily chart - The price bounces from the support level formed by $7.78, the price broke above$ 7.90 from resistance level and RSI confirms price up trend reversal.
5 days change + 0.13%
Entry level between $7.95 to 8.12 follow by ASX under rule 7.33.
Target level 1 $8.22
Target level 2 $8.52
Target level 3 $8.77
Target level 4 $9.10
Stop loss $7.72
