Hey V,
I think its a little overpumped still at the moment (for me) I dont think its a deal until its below $11 personally. I like the reliable nature of the business and earnings but not interested much at all unless it heads below there.
Ughhh. How do you feel mate. Announcement of management shuffle today might garner some confidence back. Could be a bounce here but I have my doubts that $9 will hold as support for the medium term. Plenty of stabilising to do. Just sayin'.Got in at ~11.79 and looking to double up. In this one for the long haul; looks like a great backbone for a fresh new portfolio
I took an average down today @ 9.07 increased my position by about 20% .. first and last CCL average down.
Great timing, 8 days later and CCL touched $9.97 and i have a cheap parcel.
Yet another double bottom as well, so many stocks and so many double bottoms.
Did anyone see the massive volume on Coca Cola Amitil on Friday? 10 x the average daily volume. I'm pretty new to this game but when you see volume like that, you've got to take notice. The stocks been declining for over 12 months and the fundamentals are pretty ugly but perhaps it's oversold and due a rally? Thoughts anyone....
Most of the volume was done via a special crossing (as opposed to on-market trades) so most likely some into shifting their portfolio. It's a big line and done at recent support so it probably means the support would hold for a little while longer.
But other than that I don't know if it necessarily means too much.
Did anyone see the massive volume on Coca Cola Amitil on Friday? 10 x the average daily volume. I'm pretty new to this game but when you see volume like that, you've got to take notice. The stocks been declining for over 12 months and the fundamentals are pretty ugly but perhaps it's oversold and due a rally? Thoughts anyone....
There has been no any Impulsive advance from the 8,993 bottom, market is moving sideways in "threes", so the main trend is still down. Expect CCL to see in a 7-8aud range late in the year(or even 6,5 support) where I think a medium term bottom will be and a multimonth rally starts.
the bottom is in, my opinion is as good as yours, i have 5K in this how about you?
$6-7 sounds a lot more interesting to me. Honestly it probably won't ever get there. But I am sure that lots of other opportunities will present themselves outside of this stock. I'm with Warren on this one, you get to choose when you swing.I have around 3200 shares, I got room for a lot more at those $7-8 or $5-6 price
I am patiently waiting
It is very dangerous and extremely unprofitable "to think" about market. There should be an analytical approach which eliminates "thinking" and leaves only probabilities based on facts.
I will buy CCL only when there is perfect setup which will eliminates a risk of an upcoming drop. Money is too dear for loosing because of "thinking", witch more often than not is incorrect.
I think it is not worth buying CCL at this stage as wave structure looks incomplete. It is in a progress of correcting a recent steep decline in wave 4 and later CCL should be heading to new lows in wave 5, most likely to $7-8 area, where a buying opportunity will arises for multimonth pullback.
The main concern is that from 2000 bottom CCL failed to advance in Impulsive manner and wave structure looks corrective towards $16 top in March 2013, so it could be headed below $2 in a years to come which is quite frustrating given the fact that Australia is in a multiyear bull market right now and second half of 2014 should be very impressive for Aussie stock market overall.
View attachment 58261
It could be that Triangle is developing, but early to say...could easily trend sideways another 4 month before decline resumes.
View attachment 58740
And yes, your opinion is good, the difference from mine is that it is not my opinion. I am looking at the market and reading what it says, and at this stage it says-no "five" up from the bottom-means no further rally.
It is very dangerous and extremely unprofitable "to think" about market. There should be an analytical approach which eliminates "thinking" and leaves only probabilities based on facts.
I will buy CCL only when there is perfect setup which will eliminates a risk of an upcoming drop. Money is too dear for loosing because of "thinking", witch more often than not is incorrect.
well, maybe i should have said not "eliminate" but reduce to a minimum at a certain point where many factors are pointing to a turn. There is no such thing as 100% in the markets, there are only probabilities and possibilities with a certain amount of confidence. The good thing is that the market (i.e humans) is always the same, following the same nature rules all the time.
I was searching posts on CCL and found some interesting charts as attached. At the outset I am not chartist because of my poor excel skills and lack of mathmatics/statistics (grade D in Uni) .As I said being a D grader in maths and stat - not competent to draw the same excepting reading them.
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