"Joe's earning season preview" EP03 --V, BA, FB, GOOG, AMZN! It's the 3rd week and maybe start to feel a little bit improvement in my English speaking lol.
We got the following important names that I mentioned in this episode:
Mon: HAL, AMTD
Tue: BIIB, CMG, KO, V
Wed: T, BA, CAT, FB, PYPL
Thur: GOOG, AMZN (no time for MMM, INTC and SBUX )
Fri: MCD
So many want to talk about but I only got 20 minute in this video, hope everyone a great trading week yo!
Let's see how they go!
KO
KO Defensive which only dropped 10% in Q4Note how KO only dropped 10% when DIA dropped 20%. A strong defensive and XLP constituent, where it is currently outperforming (XO/XLP). It is possible it may not follow DIA to a double bottom.
46.68 is a nice confluence of the Summer 2018 consolidation top and trend bottom, and neatly fits 1Q19 earnings date.
Coca-Cola - Buy OpportunityThe price bounced from the 44.50 support level. RSI and MACD histogram confirmed the price reversal. MACD lines support the upward movement. DMI is bearish with the falling ADX line. It tells us that we should not expect strong bearish movements. At the same time, the price breaks the local swing high - it's an additional confirmation that the market is going to move upward.
The market gives buy opportunity with an entry level above the local swing high. It's 46.00 level. Stop orders must be placed below the support level. Profit targets are at the resistance levels.
COCA COLA - Buy opportunityGood weekend everyone =)
Coca Cola had a huge gap down after the bad news on the "earnings" event, we can see on the huge red bar and huge volume , what is that? Panic sell
We can see now that the panic is now being absorbed since the volume is decreasing and the stock is trading near a support zone .
Overall the stock is still bullish as we can see on the weekly timeframe , we are now on the lower part of the big channel.
Now, i'd not buy right now, i'd like to wait some extra signs of strenght or at least no signs of further weakness.
A break above the 46 level can mean that the stock is getting read to go up again.
Natural targets are 50.0 and 51.5 levels (new ath ).
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
KO - Coke going for the knockoutI see a long to the 786 range coming up there's confluent ideals showing that we go to this range. I am not sure if this happens by the 25th or if we'd need to go into next week. Right now there's tons of strength in the move but the indicators are topping out some in the 1hr and lower frames. A stop at the 618-65 range first before pulling back a little then shooting for the 786 is a high probability.
Coca-Cola looking for...Coca-Cola looking for 200 ma rejection or even lower? >56% chances to go lower.
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If KO continues trend, Nov 30 calls will 10xNov 30 calls at strike $51.50 are $0.10. If KO continues it's trend from October 26th to Nov 30, KO calls at strike $51 will reach $1 for an upside of 10x. Since KO is only 1% from the bottom of it's trend, one could sell at a 50% loss tomorrow if it breaks it's trend for a resulting Risk/Reward of 0.50/10. In my analysis, this play has a 20x greater reward than risk.
Are we at a top on Coca Cola?Short term have been trading this up as the patterns have been nice for small bullish moves. Now we're at the top of the weekly ascending channel/wedge/expanding diagonal & have had many waves of bearish divergence with no real breakout to the upside for over 6 years. This is the time to start looking for sell setups (one is presenting itself on the 15 min) That setup will be in the comments!
Structurally this can have a big downside. Will it happen? Who knows, if it happens... id like to be in the trade.
What are your opinions!?
Trade responsibly and thanks for looking!
KO 2 bullish bat pattern before ER.As the market becomes so volatile recently, that's when I'll be focused on defensive stocks like KO.
Money doesn't really have many places to go and U.S stock market is still one of the best choice as not so many comparable alternatives,
but it will be much more a bottom-up strategy than top-down strategy recently.
To trade both bullish bat, here we got this KO trade to buy here to wait for reversal sign here to buy and double down at 42.00 spot.
Even if we put the out below 40.00 huge size fig, it'll only be a 6-7% risk trade, that's the lovely part to trade a stock like KO.
Earning report @ 31 Oct is another issue to notice, still I'll be more willing to buy after the earning report.
Accordingly, I may take only a very tiny position to trade the bat here, and wait for the pullback to 42.00 after ER,
so that even if it surges to the sky after ER, I can have some positions to participate.
Let's see how it goes!