KO trade ideas
Where to buy Coke Cola #KOCoke Cola is a great long term stock. It has been increasing in value for decades, but of recent has been over stretched. Fortunately for us the world shat itself and KO's value has dropped. So when should you buy it?
There are 2 long term support/resistance areas $48.70 and $44.43 (ish). Let's see how price reacts to these levels and see if there is any buying signals/rejections.
Price is sitting around the $48.70 mark now. If we start to bounce off this line I'll take a position. If price breaks below and heads towards $44.43 I''ll take a position.
In either scenario I will buy buying the under-laying asset. Leveraged. This MASSIVELY reduces my risk. The only way I can loose money on this trade is if KO goes out of business. Not impossible, but highly unlikely, I will be using 2% of my capital to buy in with the view to add more stock to my position over time.
KO Coca-Cola - Buyzone Bottom of Regression on downgradeKO Coca-Cola - Buyzone Bottom of Regression on downgrade
______________________________________________________________________________________________________________________
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
KO - K.O.?Looking for defensive large cap value names, KO is certainly something to look at. In the light of the massive (out)performance of growth over value the name is probably also not really a "flavor of the day". But with all the frenzy going on out there I don't mind to add a bit of "boring" these days...
KO was on my list for quite some time and after the recent pullback towards the $50 area I decided to give it a shot.
From a fundamental perspective the stock is not cheap compared to other consumer staples, however I like the stock offers a solid 3.3% div. yield. It's a household name with global exposure and a well diversified product offering. In short, a solid all weather stock, suitable for a long term holding.
Technically I use the recent pullback as entry level for the following reasons;
- $50 is a psychological and traded short resistance, turned support level that has held over the past 3 trading days
- The formation of a hammer, followed by a forming Doji on a higher low shows further confirms that buyers and sellers seem to balance out at this level and the slide has halted (for now)
- MACD is still a strongly negative signal, however it seems somewhat stretched and I expect a reversal around these levels
- RSI is week and points towards a positive reversal
- One could argue to spot an inverse pennant pattern, a per-se bearish sign. However, I would counter that the stock is not in an overall downtrend and therefore the pattern is not valid (yet).
Resistance on the climb back up is met pretty much in 1$ steps.
My trade
- Long @ $50
- SL @ $47
- Take profit @ $57.80
I might lift the TP and just let the stock run as a long term dividend play
***This is my personal view and does not represent investment advice. Risk management is key and do not risk what you can't afford to loose***
Coca cola good buy opportunity.Hello everyone,
My name is K, I have been trading for awhile and giving free signal to my close friend but have never publish my idea on Tradingview or any other sites. This is my first time and If things go well, I will keep posting my ideas up here.
I mostly cover US, EU, Australia and forex.
Here is my plan to for Coca cola.
Price dropped down to the support zone give us a good opportunity to buy this amazing company for short term profit and long term investment.
Price is very close to moving average and soon, it will start giving reversal signal and pushing up.
Goodluck to everyone who follow my idea.
Click a like button if you think this is useful. Thank for your support.
KO LongDemand Zone confirmation
EMA50/EMA200 as support zone
Uptrend Channel bottom
Entry 51
stop 49
Target1 55
Target2 58
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Trade active: Option trade:
Buy May Call Spread C52.5/60 limit 1.55; Delta= 0.31, Theta = -0.01
COCA-COLA ON THE S/R ZONE🙋♂️ Hello Stocks Community!
Coca Cola is now on the key S/R zone of 2021. You can see my prepared trade with SL and TP!
More information about my trading style:
I am not a pattern trader. My strategy and edge are based on volume zones where I see Big players were trading. When the market comes there, I want to enter a trade. Every day I identify key levels and key zones, then I just wait for the price to come.
Hope it helps,
See you next time!