KO trade ideas
KO LongDowntrend has been broken.
I expect KO to rise (exp Jul17) to 50 and maybe fill gap up to 51.
Off Note: Economy is opening, meaning bars/restaurants/night clubs will soon start opening, in which CocaCola has big influence in its products aswell.
Note: please make your own research/analysis. This is not a trading signal.
Coca-Cola bullish potential!Hello fellow traders ! The chart speaks for itself, nice bullish candle trend break with the 50 day moving average as support. MFI was oversold and making its way up, stochastics gaining traction as well. Looking at the fib levels to have an exit plan. Just my opinion! Good luck ! ;)
KO Entry for SwingThis seems to be a safe entry for a swing. You can set a stop loss of 5% loss and find that the risk of hitting it is relatively low because the price of $42.70 had not been visited since more than a month ago. The target price is $49. The chart however looks weak as we can see from the number of red candles and the minority of weak green candles. The Stoch RSI chart shows that this stock is currently quite undersold. I think this is a turn around position. This could be a long swing, but a safe one.