Trade Idea for Coca-Cola Enterprises (NYSE)

Coca-Cola Enterprises (NYSE)

#CCE

The trend is bullish. The stock is trading within the range of the 365 and 135 EMAs. The truncated bearish wave structure has completed with a breakout of the descending channel. The Awesome Oscillator shows bullish divergence.

Trading idea:

Buy on a breakout above 102.15.

Stop Loss – 99.15.

Target levels – 105.40; 110.80.