Costa Group Holdings Ltd (CGC.ASX) |20/09/2017 | 1 Year, Daily Chart
$6.00
$5.50
$5.00
$4.50
$4.00
$3.50
$3.00
$2.50
19/09/2016
16/10/2016
13/11/2016
11/12/2016
11/01/2017
9/02/2017
9/03/2017
7/04/2017
10/05/2017
7/06/2017
6/07/2017
3/08/2017
31/08/2017
Buy Zone, if stock
Buy Point
breaks out to
new highs
Twin Failed Breakouts
Stock Overextended
Buy Point
5 Year Chart
4.8
3.8
2.8
1.8
Technical Summary: The CGC chart has provided holders with consistent returns with little volatility. This would have allowed most to stay with their position along with the luxury of being able to sleep at night. The stocks technical performance has complimented the companies fundamental and since its listing in 2015 it has consistently group out new highs and only once become overextended. When overextended the stock ground out a new base in a consolidation phase before embarked on new highs. The stock is currently pulling back from its most recent highs. Investors should watch for buying volume to come into the stock before considering opening a position.