Has Coles entered a downtrend? Certainty vs economic uncertainty

7 ott 2020

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.