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Double Top or Bottom

The High Revenue Low Float Case Of Coca-Cola Consolidated NASDAQ:COKE recently seemed to have a double bottom form in Coca-Cola Consolidated Stock , Where a recovery seems possible after having a small pullback in share price. NASDAQ:COKE Recently a lot of debt was added onto the balance sheet due to the buyback programs initiated by the management like ("$1 billion share repurchase program for its common stock.") "(Aug 20, 2024)" The Valuation seems interesting at its 22.4x PE Ratio, and its Price to Sales 1.7x, and its 9.5x Price to book Ratio. It will for sure be interesting to see how the stock performs as time goes on! --------------------------------------------------------------------------------------------- Balance Sheet: Cash: US$1.90b Debt: US$1.79b Total Liabilities: US$4.46b Total Assets: US$5.66b Debt to Equity Ratio: 149.4% --------------------------------------------------------------------------------------------- Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Coca-Cola Consolidated) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may be different for each investor and trader. Please do not make opinions based on this or any idea. Please be careful! --------------------------------------------------------------------------------------------- Idea:
NASDAQ:COKELong
by BullishCanadianInvestor
Falling Wedge Sees Bullish Order Block! - EUHere I have EUR/USD on the 4Hr Chart! EU Bears have been pulling price down forming what seems to be a Falling Wedge since the end of August but could the Double Bottom made by the Sell-Side Liquidity and New Swing Low be a sign that Price is loading up to make its Bullish Break?! Now we see Price after being rejected from the Falling Resistance, descending to the Break of Structure @ 1.10548 and the Order Block responsible for sweeping Sell-Side Liquidity @ 1.10437 being the Entry Range for when Price comes down and Successfully tests the Order Block! *This rejection also creates a Higher High or disruption in the Downtrend suggesting power transfer from Bears to Bulls. Now another big tell is the Bullish Divergence between the RSI and Lows of Price testing the Falling Support! Also the presence of Bears in the BBTrend seems to be dwindling with each Low created where you see the collection of Red Bars shrinking! Fundamentally, USD has Retail Sales on Tuesday (Sept. 17th) and Federal Funds Rate / FOMC Meeting on Wednesday (Sept. 18th) with expectations for Rates to start being cut!
Long
by Novi_Fibonacci
ANTICIPATING TRADES BY APPLYING TRADING STRETEGYAnalysis of USDCAD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:- 1. Bullish trend 2. Bearish Divergence 3. No continuation pattern 4. Double Top reversal pattern formed 5. Bearish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ 6. Anticipated that chart will go bullish by making LHs & LLs 7. Initiated two trades on MT4 by marking sell stop on break out of LL and stop loss at HH as still no LH is formed
Short
by akyzai71
ANTICIPATING TRADES BY APPLYING TADING STRETEGYAnalysis of EURUSD Forex pair carried out on 12 Sep 2024 by applying following trade strategy:- 1. Bearish trend 2. Bullish Divergence 3. No continuation pattern 4. Double Bottom reversal pattern formed 5. Bullish Harmonics pattern AB=CD pattern formed and chart near point D, PRZ 6. Anticipated that chart will go bullish by making HHs & HLs 7. Initiated two trades on MT4 by marking buy stop on first HH and stop loss at LL as no HL is still formed
Long
by akyzai71
1
Jupiter on course to new ATHs in the near futureThere's many signs that suggest a major trend reversal: 1) Double bottom 2) Previous resistance line acted as support for the previous 2 lows, extremely precisely as well 3) Lower 0.618 St. Deviation Band of the all time VWAP acted as a support again 4) Bullish divergence on volume weighted RSI 4H 5) Price broke through the resistance line and just got retested, this also aligns with the 0.236 Fib extension level Fundamentals are great as well. Nearly half the volume on Solana comes from the Jupiter aggregator. JUP is one of the most held tokens on the network. The team is very active with updates and fixes. A 30% supply burn is planned. TP targets are the 1.618 of the Fib extension (which happens to be just above ATH) and $2. I think JUP has the potential to go much higher, but there's likely to be a pullback if these levels are reached, which would be an opportunity to re-enter. If we go down from here it remains bullish as long as price doesn't go below the first green zone, if it does I would expect a further drop to the second zone.
Long
by NoLimit_777
SMH - Flerting with 200MA and H&S The chart has formed a Head & Shoulders pattern following a double top, which needs to be invalidated to avoid further downside pressure. That’s what the bulls are attempting to achieve, but the question remains: will they succeed? Additionally, we are frequently testing the 200MA, a key long-term support level. From a macroeconomic perspective, a recession seems likely, and in such a scenario, maintaining bullish momentum would be difficult. In my view, we’ve now entered the bearish phase of the market, even for semiconductors.
NASDAQ:SMHShort
by PedroNegreiros
PULSECHAIN can continue it's recovery...The chart shown is the EVM sidechain of Ethereum --- PLS / by ETH itself So as this chart produces Green candles. PLS is earning you more Ethereum and Red candles mean you are losing ETH value. For any ratio it is the same deal. i.e BTC/USD. Green equals more USD. RED = less USD. We have a clear bottom formation yet to truly break out. But almost there. As we have seen with other blockchains due to liquidity bonding. When the Native gas token goes up... the smaller altcoins on the chain start really flying
PULSEX:WPLSDAI_E56043.USDLong
by BallaJi
SILVER - Macro and Micro Outlook for 2024/2025I think we are seeing a new run in Silver about to happen on higher timeframes to be honest and I intend to be long on this when the opportunities arise. We should see next level up at $35. It has been chilling sideways for the better part of about 3.5 years I think? What a good consolidation period honestly. Intraday - Im liking the PA we got so far in Aug/Sept and I think we can find some bullishness into Q4 and ride that. If it turns it turns, dont hang onto a dead trade obviously but the odds are in favor of upside INVALIDATION -Breakdown below anything significant will be my invalidation and we will shelf this for another decade lmao
OANDA:XAGUSDLong
by Sykeee
"Double Bottom" in Silver Indicate a Future Price Increase?The current silver price (XAG/USD) is fluctuating around $28.50. The technical chart shows that silver has experienced a double bottom, indicating a potential reversal signal of the "Double Bottom" pattern, which may suggest a price increase over the coming period. However, based on the moving averages, the market remains in a downtrend. The current key support level is around $27.60. If the price retraces to this level and finds support, a rebound may occur. The key resistance level above is near $29. If the price can break through this resistance, it may continue to rise, breaking the upper boundary of the "Double Bottom" pattern and targeting higher levels. Currently, it is crucial to see if silver can successfully test the area around the psychological level of $28. If so, silver prices are expected to rebound and continue to rise, targeting above $29/$30. If the price breaks through the resistance area of $29.25 and closes above it, this will indicate a breakout of the "Double Bottom" pattern, with a target toward higher levels. Conversely, if the silver price falls below $27.25, it will indicate a breakdown of the support area, which may lead to further declines, targeting below $25.65. The silver market is currently at a critical technical turning point, and the formation and confirmation of the "Double Bottom" pattern and support level are crucial for potential upward momentum. However, investors should closely monitor changes at key levels and adjust their strategies accordingly to manage potential market volatility.
EIGHTCAP:XAGUSD
by financeporter
Gold Analysis==>>Double Bottom Pattern==>>Short termGold is near the Heavy Support zone($2,484-$2,431) and moving Support lines . In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming a Double Bottom Pattern . Also, Regular Divergence (RD+) between Consecutive Valleys . I expect Gold to rise to at least $2,518 . Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
6
Forex Analysis: Super Clean Double Top Setups in GU, GJ, and EJIn this forex analysis video, we'll be discussing the market movements of the euro (EU), the British pound (GU), the Japanese yen (GJ), and the euro yen (EJ). EU: No narrative setup was identified due to the failure of the 15m entry to bounce twice and form a double top before the price decline. GU: A super clean setup was identified. Price bounced on the previous day's high and formed a double top entry on the 15m timeframe. GJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe. EJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
Short
by superlegit
LINKUSDT 1D Possible corrective patternLINKUSDT 1D Possible corrective pattern In the 1D time frame, all levels are magnified and corrections that occur in smaller time frames are insignificant. Levels to take into consideration: SL 9.80 This level is in line with the lows recently marked. SL1 8.50 Just below the bullish trend line and already recently reached. SL2 5.75 This would be a purchase and accumulation zone. TP 15 in case the 0.618 of the last bearish section is corrected before looking for the purchase zone at 5.75.
Long
by DeuXfi
"Market Resilience: $OM Holds at $0.90 Amid BTC Dip, Showcasing Market Watch: While CRYPTOCAP:BTC takes a hit, NASDAQ:OM stands strong and is still at 0.9$ holding very well. ➡RWA Focus: Real-world assets provide stability in volatile markets ➡Strategic Partnerships: Zand Bank, MAG, Novus Aviation add credibility ➡Regulatory Compliance: First to work with VARA in UAE ➡Community Support: Over 36% of circulating supply staked ➡Chakra Pool offering a good yield and growing TVL now at 2.5M$ MANTRA isn't just surviving the dip; it's showcasing its potential as a hedge against market volatility. This might be a sign of #MANTRA's growing strength in the #RWA space.
Long
by khashia_777