Costa Group Holdings Ltd (CGC.ASX)

20 September 2017




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 companiesfundamental 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.

Wonderful performance from the company reflected in the technicals. The stock appears to be setting up for a potential low risk buying opportunity.

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