Has Coles entered a downtrend? Certainty vs economic uncertainty

2020년 10월 7일

Fundamentally, Coles being one of the largest supermarket chains in Australia gives it long term potential to continue growing over the years. However, from a technical analysis standpoint it has been in a solid uptrend for some time and is likely due for a correction. There is also a lot of economic uncertainty at this time which could trigger an overall market sell off within the next few weeks/months.