Bullish potential detected for COL
Coles Group Ltd. ASX:COL
Entry conditions:
(i) retracement back to potential support area of $24.03 (4hr support level of 12th June) for
COL
, and
(ii) observation of market reaction at this potential support area noted above.
Depending on risk tolerance, the stop loss for the trade would be:
(i) below the rising 50 day MA (currently $23.66), or
(ii) below the 4 hour support level from 10th July (i.e.: $23.53), or
(iii) below the rising quarterly VWAP (i.e.: $23.33).