Currently, the stock is oversold and is trading in a bearish trend on a mid-term horizon. In the short term, this trend is reversed upon contact with the GBp 1069 area. The stock should be able to confirm its increase in the next trading sessions. This support is a trading opportunity in order to anticipate a technical rebound towards the GBp 1156 pivot point.
So as to make the most of a potential technical rebound of the security, it seems opportune to open a long position at the current price. A confirmation of this pattern would enable the security to reach the GBp 1156. Investors should not insist under GBp 1069 and are better of placing a stop loss order under this threshold.
Coca-Cola HBC AG is is one of the world's leading producers and bottlers of non-alcoholic beverages (soft drinks and mineral waters). In 2023, the group provided 2,835.5 million beverage cases. Net sales break down by country as follows:
- emerging countries (46.5%): Nigeria, Romania, Bulgaria, Armenia, Yugoslavia, Bosnia and Herzegovina, Moldova, Russia, Serbia, Montenegro, Ukraine, etc.;
- industrialized countries (33%): Italy, Greece, Ireland, Austria, and Switzerland;
- developing countries (20.5%): Poland, Hungary, Czech Republic, Baltic States, Croatia, Slovenia and Slovakia.
COCA-COLA HELLENIC 
