Since February 01, 2023 we have the breakout of the vwap indicator with strength by a large green candle and accompanied by a large green volume, it is indeed an impulse candle or an uptrend. We also see on the graph that the market came to make a spring effect on the vwap thus reflecting a strong probability of continuity of the upward trend of course with the...
As you see on the chart we will have a big probability of an uptrend if we have the breakout with force the resistance line. In other hand, we will have a big probability of a downtrend if we have the breakout with force the support line and the vwap indicator.Thank!
its all politiical economics is thrown out the window these days. daily chart defines congestion in price moves.. basically its been going no where from 2 years now. the next move will be much higher or much lower.
Central bankers are now trying how to fudge markets higher while statistical agencies like ABS try to fudge inflation numbers lower to hide the...
Fundamentally, Coles being one of the largest supermarket chains in Australia gives it long term potential to continue growing over the years. However, from a technical analysis standpoint it has been in a solid uptrend for some time and is likely due for a correction. There is also a lot of economic uncertainty at this time which could trigger an overall market...
Technicals - Bullish flag leading into ex dividend date. Fundamentals - cv19 tailwinds to contunue for the forseeable & should continue to provide top line growth.
COL made a new closing high today.
defensive stock will do relatively better
when the coming crash occurs. pays a decent
dividend when compared to current deposit rates.
everyone is chasing yield is a yield free world.
ok i might buy more COL now
Coles has been having a nice steady run since its listing / spin off last year. I was thinking it could make a reasonably good defensive stock to hold throughout any downturns but they did suffer a dip in August in line with the rest of the market. With more and more news about Coles expanding their online presence they could continue their upward march for a...
