KO goes up real quickHey everyone,
Coca-Cola is taking a break as i prognostated. Now it seams like it is on it's way to wave B, which is a Long opportunity. After that, the stock likly will go back down again. A good chance to add something to your short position.
If you are short atm, you could close that position instead of building it up as soon as the stock goes to wave C.
Very much fun with that trade!
Leave a follow please, my goal is 200 :)
Coca-cola
KO - 1D - 2.08.2020$KO - Favorite value stock post COVID. Multi time frame analysis.
1W - Solid bullish tendency. With a 15% average price correction every bullish trend. Tendence line is working as support. Even on smaller and actual time frames.
1D - Lateralizing on zone 43 - 50. Important resistance on 50 USD. Good volume indicating possible accumulation. Weekly trendline working as resistance too.
4H - Fibonacci at 0.382 looks quite strong as the first 4H support. Even though MACD showed selling signals, our last green candle stopped the fall at Fibonacci 0.236. Minimum corrections prices are getting slowly higher and creating an ascendence triangle.
1H - If we take a deeper look at Fibo 0.236, we can confirm that the price is slowly bouncing at that level. Just a little push left for MACD to validate the opening of a long position.
Conclusion: We need one more session with a good volume to confirm a long position and hold it until a target of 50 UDS. 47.40 USD will be our signal. KO its a solid long terms stock to hold. Also, dividends will improve as long demand its reactivated once overcome COVID impact.
Coca Cola Technical Analysis - KOAnalysts suggest to Buy. The Target price might be set to 55.00 USD.
Prices are moving horizontally inside a channel (in trendless condition) and, based on Technical analysis, the idea is to buy - go long - only if the resistance level of 49.00 USD (I would suggest 50.00 USD) will be broken.
There is still an option that the resistance of 49usd will not be broken and the prices might go down and keep moving inside the channel.
In conclusion, wait that the resistance level will be broken before going long.
Fundamental Analysis:
Coca-Cola plans to cut ‘zombie brands’ from its portfolio
The cuts have already begun. Coca-Cola said that it would stop operations on the Odwalla brand of juice beverages, effective July 31. There will be 300 job cuts as a result of the move.
COCA-COLA 1D RANGE TRADESRanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
COKE Long Trade Setup ( Technically ) Welcome to Profitlio Trading!
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Traders Disclaimer: Non of our analysis or trade setups being shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements.
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Coca-Cola bullish potential!Hello fellow traders ! The chart speaks for itself, nice bullish candle trend break with the 50 day moving average as support. MFI was oversold and making its way up, stochastics gaining traction as well. Looking at the fib levels to have an exit plan. Just my opinion! Good luck ! ;)
Descending triangle - sell opportunity on ColaChart says it all. We are trading inside a descending triangle, with clear support indicated by the blue zone, and a decreasing trendline indicated with blue.
Take a shorth with your own preferred SL/TP.
Trading is not about copying but about forming your own opinion.
KO - Eyes open - Idea coca-colaAnother good opportunity
If the price gets rejected at the top we enter short towards to the 61.8% Fibo as it is breaking the triangle.
61.8% fibo range is the sweet spot to enter long if the above scenario happens.
In case we see a breakout of the tunnel before geting to 61.8%, wait to retest the tunnel confirming support to enter long.
KO - COCA-COLA S/R zonesHello traders,
Description of the analysis:
Coke is currently on the first support (upper gray) suitable for analysis into investment input. Another suitable opportunity to enter during the decline is the second support (bottom gray). In general, invest in instruments that you understand. With balance and your own plan. This is not an investment recommendation.
Be careful to trade and invest sparingly!
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
KO - The start of a bullish move?* Remember to support with LIKE and FOLLOW me for more analysis *
KO respected the previous top as a support (yellow line), and yesterday did a nice bullish sign. If it goes up to U$ 49.73 (blue line) and breakout, will trigger a pivot that could take KO to U$ 59 in an optimistic scenario.
Now it is in a very delicate moment. Today’s candle is clearly bearish but has low volume. If we look at the hourly chart, we can have more clues:
KO did a double bottom pattern (maybe an Adam & Eve?), and now is doing a nice pullback (after all, Adam & Eve patterns has 67% pullback rate).
Now there’s 2 supports zones. The first one is the 21 ema and the black line (top of the peak between the bottoms). The second is the bottom of the pattern. If the price breakdown that zones, it could sink down to U$ 41.80.
Watch out for KO, and be safe.
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"Coca-Cola: two paths possible" by ThinkingAntsOk4H Chart Explanation:
- Price is on the Weekly Ascending Trendline.
- It tried to break it, but could not do it.
- Now, we have to possible paths: 1) bounce from here and start a new up move; 2) break the Support Zone to start a new down impulse.
- We are waiting for setups on lower timeframes to take trades on this instrument.
Weekly Vision:
Daily Vision:
Updates coming soon!
Coca-Cola: Is It the Right Time to Buy?The market dropped a lot, and now we have a possible reversal signal. The price reached SMA200, and we got a reversal candlestick pattern.
RSI is going to confirm the price reversal.
If the price can stay above the low of the signal candle, it is possible to search for buy signals using the daily and hourly charts.
Stop orders must be placed below 52.00 support and the local swing low. The main profit target should be 50% of the previous downward movement - it is 56.00 level. The 2nd profit target should be placed at 60.00 level.
If you think that the fundamental factors will push the markets downward, well, it can be like this as well. But when any market reaches a true bottom, nobody can be sure that it is the right time to buy.
Follow the signals from markets. Follow the markets. Use the proper risk and money management.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.