CCL back down to key support making our short position sparkle

Trade Management

Current Open Alert

 

CCL – Coca-Cola Amatil Limited

Stock : CCL – Coca-Cola Amatil Limited

Current Price : 8.19

Previous Sell Entry (Trigger Level) : 8.95

New Buy Exit Zone (Stop Loss) : 8.52

Previous 50% Partial Exit Zone (Target) : 8.20

Status : On watch for continuation lower

CCL went ex-div today and dropped lower on the open down to major support around 8.00. We are happy to lower the remaining risk level to 8.52 and watch how price action reacts to major support. Time to sit back and see if sellers remain in control.

 

ORIGINAL ENTRY ALERT 6/7/17

Stock : CCL – Coca-Cola Amatil Limited

Current Price : 8.95

New Sell Entry Trigger Level : At Market currently 8.95

Potential Buy Exit Zone : 9.30

Status : On watch for continuation lower

CCL is looking weak and see to test down to 8.00 support. We are happy to see at market which is currently 8.95 and hold the risk level at 9.30.