Divergence+Double Bottom+10emax50x100+ possible gap closure
Updated
It Looks like KO is setting up for a nice buy and hold situation the stock has been on a move when its peers have been showing weakness.
I got the stop kind of tight on this one since it has the 10ema, 100 simple, and 50 simple above it. The Moving Average to worry about before the target is the 200.
Setup:
Trigger: 41.96
Stop: 41.36
Target: 44.23
I would also recommend adding to the long term portfolios at this time for the dividend
I got the stop kind of tight on this one since it has the 10ema, 100 simple, and 50 simple above it. The Moving Average to worry about before the target is the 200.
Setup:
Trigger: 41.96
Stop: 41.36
Target: 44.23
I would also recommend adding to the long term portfolios at this time for the dividend
Note
Getting into a heavy supply zone and this perfect doji forming right underneath the target is letting us know that now is the time to start protecting gains. I will look to take profits with a close below the 10 ema.For those with this in long term portfolios now is a good time to sell some calls
Trade closed: target reached
Still holding on to this trade til until i get a close below the 10 or til price closes the gap (purple arrow above target). It looks like the for those of you with KO in your long term portfolios this was a good buy zone. Know that I am always a buyer of KO in the 42 -39 dollar price range.
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