Coles – Buy

Coles Group looks to be creating another higher low formation at $17.80

As the valuation becomes slightly stretched, we suggest investors add a covered call option to enhance the income return.

For more detail, please contact our office on 1300 614 002

Coles Buy+ Call Option

Coles Group is now under Algo Engine buy conditions following the sell-off from $19.30 down to $17.50.

We expect Coles share price to track sideways within the $17 – $19 price range and suggest investors consider overlaying a covered call option to enhance the cash flow return.

For more information on the strategy, please call our office on 1300 614 002.