Cola
Coca Cola Breaks Out Of ResistanceCoca Cola has broken out of resistance which is what we have been waiting for and was mentioned in this post.
The 50 simple moving average helped push price up and through the resistance level.
The next few days/weeks will be important because we have to see whether price can stay above the resistance level.
We sometimes see fake breakouts where price breaks out then moves back below resistance.
What we want to see is price staying above resistance then using it as support and move further to the upside.
As the period of consolidation lasted for several months we may see a strong trend develop potentially giving traders easy profit.
It will be too early to jump into a trade just yet so we must be patient and wait for the next breakout for confirmation
of an uptrend.
Updates will follow when we see more movement.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Can Coca Cola's Fizz see it Breakout!?Coca Cola is a household name and a company many investors may be interested in trading and it is potentially
on the verge of breaking out.
On the weekly chart we can see that price has bounced off the 50 simple moving average where it found support.
The sellers were unable to gain control and the buyers forced price to head even higher.
The 200 simple moving average on the daily chart (not shown) was also used as a support area.
Price trended well from 2016 to 2017 so if a breakout does occur then we may see a nice trend follow as it did in the past.
The consolidation area which price is currently held within has lasted for over 5 months so we shouldn't be too quick to enter a trade
if we do see a breakout. Let price confirm that it wants to stay out of the consolidation area and then look for trading opportunities.
As last week was bullish it will be interesting to see how the coming week will perform.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
KO Coca-Cola Long Trip BottomLooks like a trip bottom forming on daily. Charts look good on the Weekly as well in my opinion. Good setup with a relatively tight stop.
Always base your trades on the possibility of it going wrong and adjust your risk accordingly. Never risk what you cannot afford to loose. Good luck everyone!
Tips are always welcome and will encourage us to release more setups. Thank you! : )
BTC 2.53% 2.56% ~ 3AzvnCnCE84CCBrJgbYJoZReGomeFWWQnc
ETH ~ 0x6BD4C177BA087B83c4505d1a997167b0fcFe6D74
LTC ~ MKpsqHCkYVZWgC8GyWERA5WJerxosgduKz
KO Millennials are not too thirsty for Coca-Cola While carbonated soft drink volumes fell in the U.S. in 2016 for the 12th consecutive year. The Consumption of Diet Coke dropped 4.2%, compared to its rival PepsiCo Inc, Diet Pepsi that declined around 9%. However Coca-Cola's own numbers show a 4% decline in Diet Coke's volume in U.S. which it means the reason why this company is always trying new formulas to keep a green and healthy product. But for these days Millennials who really are looking for green and healthy products, makes complicated Coca-Cola's job. Perhaps this company is appealing for good old times, so old investors sometimes prefer to push the price to $48.90 and $50 while they're drinking a coke... with sugar.
Have a Good Trading Week.
Cream Live Trading, Best Regards!
Coca Cola Seasonal Decline ExpectedAccording to seasonal chart Coca Cola shows a decline in August until end of September.
Move is supported by HTF price action.
Coca cola company coming up on supportTechnically Speaking
Coming up on the support level at 41.00 and the 200 WMA. A break below possible exposes the next level of demand at 37.00
The stock has only closed below the 200 WMA for a few weeks in 2015. Before that, you have to go all the way back to 2010 to find a period of sustained trading under the 200 WMA.
Always know why you are buying a stock or any investment for that matter?
Is it a swing trade?
A long-term hold?
Are you buying for the dividend? Speaking of dividends, the current div yield on KO is 3.37% To get a sense of how safe the div is, here is a link to the history: www.nasdaq.com
Even though I lean technical, I always like to know what I am buying. You never know, maybe you will have an insight into one of these companies and you will choose to hold on. Good things tend to happen when you hold onto winning trades over the long run. Eventually you will catch fat tail and move up a level in the trading world.
Coca-Cola Company – near supportCoca-Cola Company is in a falling trend and we can expect it to continue to fall. Also, the stock is near its ceiling of the trend channel, and can give a reaction down in the stock price. The stock gave a sell signal when it breakout from the rectangle formation at 43.38. The next target at 41.19 is almost reached, where the stock will find a support line. If it breaks the support line at 43.19 then the further decline is signaled.
From the technical analysis the stock is negative for the medium long term, however the stock is near a major support line, and if the fundamentals withing the company are good, it can very well bottom out here.
KO - Trading Setup & Plan (Case Study)Here is my trading setup for KO. I am using a trend based strategy so I will update this idea when I have a sell signal, I do expect this stock to bounce. Again guys these charts are just ideas or a guide for you to learn or follow from if you agree with me, I am not recommending anything or selling any signals.
Cup and Handle for Coca Cola KOThis looks like it could be a gigantic cup and handle forming for Coca Cola. The top from 1998 ($44) was recently hit again forming the cup. Right now some consolidation is happening and forming the handle. The handle looks kind of sloppy to my, but regardless, if this breaks up above and has high volume $45 I see a %50 - %100 rise playing out .