CCH.L breaks below previous session low
Coca-Cola HBC AG (CCH.L) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, CCH.L ended Thursday at 2574.00 losing £24.00 (-0.92%). Closing below Wednesday's low at 2578.00, the share confirms its breakout through the previous session's low having traded £10.00 below it intraday.
Daily Candlestick Chart (CCH.L as at May 17, 2018):
Thursday's trading range was £26.00 (1.01%), that's below last trading month's daily average range of £44.25. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 2566.00.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.