Buyers soaking up the selling pressure to hold higher levels

New Buy Entry Alert COL

Time Frame : Daily

Sector : Food and Staples Retailing

Key Stats : $16.67 Billion Market Cap, VWAP 12.452, ASX Ranking 23, 4 Week Av Turnover $42,710,140, Current Turnover (Intraday as at time of alert) $9,146,591.

Company Overview : Coles Group Limited (COL) is an Australian retailer, providing customers with everyday products including fresh food, groceries, household goods, liquor, fuel and financial services via its store network and online platforms. As at 30 June 2018, Coles processed more than 21 million customer transactions on average each week and operated 2,507 retail outlets nationally.

Broker Consensus : Not covered by a major broker

COL – Coles Group

COL buyers are patiently putting in the groundwork to build the platform for a move higher. We see buyers holding higher levels and soaking up the selling pressure so we are now happy to get involved. Watching now for a push up through 12.63 to buy with a stop loss at 12.05. If price falls prior to entry through 12.05 then we will cancel the entry alert and re-assess the action.

Stock Code : COL – Coles Group

Company Website :

Current Price : 12.535

New Potential Buy Entry (Trigger Level) : 12.63

Potential Sell Exit Zone (Stop Loss) : 12.05

Status : On watch for buy entry trigger