Corby Distilleries Ltd is an accumulate
Pick away at this one and build a position.
June 19, 2013 | Posted in Consumer Products | Read Article »
Pick away at this one and build a position.
In retrospect the call to hold the units on February 22, 2013 was correct.
Don’t shoot this running horse.
MCR has been generous but trees don’t grow to the sky.
Currently the MACD is indicating that the resistance along the 50-day moving average will lead to more selling which could set up a retest of support at $11.00.
The trend is down, and support has been breached multiple times during the decline. None of these factors suggest a speedy return to higher levels.
Currently the trend is down with resistance along the trend line, the 50- day moving average, and at $6.00.