KO trade ideas
KO: Sort OpportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement close to 50.00% of Fibonacci retracement
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
KO bullish trendKO daily still running strong. Buy at support area.
Historically, 1998 was it's all time high and 2017 it surpassed it. New C.E.O James Quincey might get KO out of this level..
Bullish since April 2017, golden cross signal and RSI started the trend reversal. Looking for KO to break 46.44 to set another record high.
Set your SL and buy at the 50DMA pull backs...
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