Coca-Cola Hellenic : Perfect timing to aim a technical rebound
Entry price | Target | Stop-loss | Potential |
---|
GBX 1,090 |
GBX 0 |
GBX 1,024 |
-100% |
---|
The GBp 1069 support area, currently tested, might facilitate a technical rebound. The company’s fundamentals could validate this scenario.
According to Surperformance© ratings, the company is an opportunity for a trading strategy. Indeed, analysts covering the stock target a 16% potential gain on average.
Currently, the stock is oversold and is trading in a bearish trend on a mid-term horizon. In the short term, this trend is reversed upon contact with the GBp 1069 area. The stock should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards the GBp 1156 pivot point.
So as to make the most of a potential technical rebound of the security, it seems opportune to open a long position at the current price. A confirmation of this pattern would enable the security to reach the GBp 1156. Investors should not insist under GBp 1069 and are better of placing a stop loss order under this threshold.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.