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KO Buy the Bad News Long
Coca-Cola Company (The)
Long
KO Buy the Bad News Long
By AwesomeAvani
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Updated
Dec 15, 2023
3
Cheer
Cheer
4
4
Dec 15, 2023
KO which as been in an uptrend corrected today due to the news of a 2,000 case recall for
a Salmonella infection scare. This is a gram-negative bacteria which causes bloody diarrhea
and can lead to sepsis shock and death ( for any with a medical background) The sell off of
about 1.5 % was abrupt with high volumes. I see this as a buying opportunity, Moreover on
the rebound reversal, those who sold short will be buying to cover to cash out for the
end of the week. Others like me will look to add to their existing positions. Overall, a short
squeeze could get underway and a momentum pump occur. I see a quick return to the previous
price over a week or less. I will add to my significant call option position in KO at a discount.
The subtle MACD cross under on the zero lag indicator is a tip off here. For those who like to
wait the flip of volatility from selling to buying and then over the moving average line is a
secondary reassurane albeit a little late.
Dec 15, 2023
Comment
By the way the "foreign material contamination" is feces ( AKA sh@#) likely from
rats or mice in one of the plants- beware of the coverup but I am buyng the bad
news.
Beyond Technical Analysis
catalyst
dropandpop
dumpandpump
Fibonacci
macddivergence
NEWS
Pivot Points
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