Costa Group, CGC ASX Technicals.

First and foremost, Is CGC.ASX a stock with SOUND FUNDAMENTALS ? May well fit into that category and deserves an analysis IMHO for this reason alone.

Second reason is purely technical. That is potential selling climax being in place.

I have dived into PnF 3 Box in calculating the current bearish price objective on hand as well as defining support/resistance levels to work with. See box of tricks in Blue for support and resistance levels worth watching in the short term as tests and retests occur. One would need to switch to bar/candle charts as the tests are on hand.Third or fourth successful test is what I am after of the support. This may come in the form of a Wyckoff Spring. A scenario no more.

Bearish forecast from the top as can be seen is @ $6.03. I am rounding that to $6.00 and watching the zone of $6.00 if we see a support break at $6.50 zone. Should the support hold on a successful retest next level to watch would be the resistance of the box.

Analysis continues….

Keep well and chart with safety in current environment.

Disclosure : Not a holder of CGC.ASX

Chart is FREE and courtesy of




All the information and analysis provided on this website is general in nature and for educational purposes only and does not constitute financial advice. No content in any way implies a recommendation to buy, sell, hold or short sell any financial instrument, nor is it financial advice.

Investing and trading in financial markets carries considerable risk, and should always be done in consultation with a licensed financial adviser taking your personal circumstances, financial situation, objectives and needs into consideration.

Links to other websites are inserted for convenience only and do not constitute endorsement of any of the material on those sites, or any associated organisation, product or service. Kazim Agaoglu is not responsible for the content of any site owned by a third party that may be linked to this website and such links are provided as a courtesy with no judgment or warranty being made concerning the suitability, accuracy or otherwise of the content on any such site.

Kazim Agaoglu disclaims any undertakings, warranties or guarantees, express or implied and shall not be liable for any loss or damage whatsoever arising out of in connection with the use of or reliance upon any of the information on this website. The user accepts sole responsibility associated with the use of the material on this site, irrespective of the purpose for which such use or results are applied. The information on this website is no substitute for financial advice.


Comments are closed.