KO Analysis is based on simplified Smart Money Trading Concepts.
Coke has been printing Weekly bearish order flow since August of 2022.
Recent price action( past ~134 days) on the Weekly time frame has had a Bullish pullback with what I anticipate a continuation or return to Bearish order flow between the 70.5% - 89% fibo zones. This would be supply overtaking demand to continue the weekly Bearish Structure also known as order flow.
Trade Idea Point of Invalidation: Any break AND close above $64.99
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Reward to Risk ratios could vary between 3:1 up to greater than 5:1 depending on the instrument you are trading and the level that you enter in at.
The round trip time from entry to exit is between 6-11 months.
If you are Shorting the Underlying stock :
4 positions between the 70.5% pullback($61.03) and the 89% pullback($63.51) would be ideal.
Exits:
1st = $51.55
2nd = $47.92
**Split your positions between the 2 suggested exits**
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If you are trading stock options:
NO less than a 6 month expiration!
Suggestion:
16 Aug 2024 -- Buy $57.50 Puts (out of the money)
or
17 Jan 2025 -- Buy $57.50 Puts (out of the money)
Exits:
Underlying stock price
1st = $51.55
2nd = $47.92
If you need an options calculator, I suggest using: https://www.optionsprofitcalculator.com/calculator/short-put.html
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.