KO trade ideas
$KO Bearish Swing TradeGreen Line - Entry Target
Red Line - Exit Target
Pink Line - Stop-Loss
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KO - Remember Coca Cola ?Good morning fellow investors, after several weeks it's time to take a look at Coca Cola again. NYSE:KO
I wonder if somebody remembers the analysis i published a few weeks ago, in which i suggested to go long.
After a rough ride coca cola finally broke out of the boring sidewards movement and started wave 3 with high volume!
I expect that coca cola will reach prices of atleast 56$ until a short wave 4 correction will start.
After this correction new ATH's are in reach and we will very likely reach prices of 60$ or even more. So stay tuned!
The RSI shows first signals of a "overbought" situation, this should be a warning signal.
Neverthless i am holding my positions and will put the stop-loss on entry very soon.
1# Long 14.9.2020
Long at: 50.29$
Profit Targets: 65$, Longterm 70$-80$
Stop-Loss: 46.86$
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Coca-Cola (KO)Expecting KO to make a bullish impulse.
Price made a strong bearish move to the downside, found support and created a double bottom, which shows that price may be ready to change directions.
On the 4h time frame you can see a large bullish candle created after the previous indecision candle.
Price broke past the previous low ultimately creating a new one. Now, I'm expecting price to retrace/test the previous low or the 50.0-61.9 area of the fibonnaci. Price may form a bearish candlestick structure and create a continuation to the downside.
Potential short term downside. Personally I plan to hedge out the difference since I had a relatively reasonable entry. Of course I keep a rather wide stop (given the relatively small size of my position) a bit bellow Time Weighted Average Price (TWAP; lowest plain line).
That would be the worst case scenario, my entry and long position is based on qualitative (bottom up) analysis. The stop is still, in my opinion, necessary as if the the price breaches far below that my position wouldn't make any sense on any time frame below 3 years.
Please note that the arrow is just there to illustrate the potential downside I plan to hedge against. It's not a price prediction, I can't see the future.
My short term goal at any given point is always to limit the risk and protect profits. The money will just show up if I'm consistent.
kohas been doing nothing i would like to see if this is going to become someone during the week up to Thursday morning and after the numbers come out i would like to see ko gain ground up above $51.55. then we can talk about the February's top but look at the weekly chart it needs to get out of this
BUY to COCA-COLA CO DailyHey traders, COCA-COLA CO is in a fake downtrend with an aborted buyer's attempt and a low volume of buy issued. Looking at the TIMEFRAME 1M we can see a dragon bull which made a striking effect on the VWAP. Strong potential to take off from the support line to make up for pre-session losses. The median will be broken with the buying force big resistance to pass before closing the bearish gap. To go to the recent last collapse which corresponds to a major resistance. And reach the level above which is a symbolic number 51.50 (See TIMEFRAME M15).
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