COCA34 trade ideas
Trade Idea on CokeCOKE is done well in October and November rally and pull back to the 20 EMA and a rally and a pull back to the higher low to the 20 EMA. This is a good bullish setup for about a $1 or approximate.
Trade Set up with an
Entry at $49.70,
Targets for $51.50 and up to $52.50 with a
Stop at $48.80.
This is a bullish trade set up and traders can either buy Long calls for January or February 2019, buy LEAP calls for January 2020, buy the stock.
Technical analysis was driven by Fibonacci to predict the targets and with a 3:1 risk reward
KO Short to $46Bearish engulfing on the daily and similar formation from January 2018 on the weekly. High probability with this name always retesting the 100 day moving average after a breakout.
KO short to $46Bearish Engulfing on the daily. Similar to the January set up on the weekly. P/E (TTM) is higher than industry peers. After a breakout, 9 times out of 10, KO has retested the 100 day moving average ($46.50).
KO Stock shortReaching 52 week high overextended
short Targets
T1:46.64
T2:45.65
T3:44.44
T4:43.37-42.87
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.
KO Showing Highly Overbought SignalsKO has been trending in this S/D channel for years. Unless Coca-Cola is planning on going parabolic, this thing is most likely going to run back into the channel, test the mid-line, then test supply at the bottom end of the channel. A divergent SMI gives me added confidence in this trade.
If you like this type of analysis and are interested in learning more about my charting style/analysis, check out my trading community at www.bitcoinschmitcoin.com
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 about to get KO'dLooking at history - Coke is very extended and technically overbought. Time to short.
KO shows big buyingKO shares broke out to new 52 week highs on big volume. This activity should keep shares in bull mode.
$KOif this opens this week green, go long. If it opens red, look for nice dip to go long. This chart is extremely bullish and offers a lot of trading opportunities.
Increase All Prices DiscretelyConsolidate 2 $48.64;Test ATH 4 Breakout
New Rev Bonus; Consumers Volume Same
KO - Coca Cola announced at ER that prices of all products were quietly increased. Historically, consumer spending on their products does not decrease with product price fluctuation
Positive Long Term Fundamental Catalyst for Potential Increase in Revenues
Consumer's Play historically safety play through market turmoil, and positive if economic spending is up. Long Term Swing Potetial if Resistance/Fibonacci Breakout past $48.64 range
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!
KO - MORE OPPORTUNITIES ON THE BUY SIDEPrice above the MA lines (blue and red) implies a positive outlook, Supported by the bullish bias in the “Bullish Harami” pattern, A potential buy signal by the MACD indicator, The 14-day RSI indicator suggests uptrend is likely to occur above 50 pts: Eyeing to break above the downtrend line.
(Disclaimer: All the information are mean for educational and informational purposes only, and is made available to you as self-help tools for your own use. This is not intended to be a substitute for professional financial advice.)
COCA-COLA (KO): STRONG BUYING ACTIITIES BOOST UP PRICE MOVEMENTMomentum in the “Bullish Harami” continues to extend, Positive crossover by the MA lines (blue above red), Further price increase will lead to a buy signal in the MACD indicator, Potential uptrend above 50 pts on the 14-day RSI indicator: Coca-cola may climb further.
(Disclaimer: All the information are mean for educational and informational purposes only, and is made available to you as self-help tools for your own use. This is not intended to be a substitute for professional financial advice.)
