CCC3 trade ideas
Moving Average Indicator (KO Trend)Para este ejercicio fue utilizado el indicador de tendencia del promedio móvil (Moving Average) para analizar la tendencia de KO en el largo plazo. El MA fue utilizado de la siguiente forma:
Corto plazo: 24 periodos.
Mediano plazo: 50 periodos
Largo plazo: 100 periodos.
Con estos promedios se logra identificar que KO mantiene la tendencia alcista consistente desde el 2009, y que desde el 2010 existe una señal clara para proceder con la compra en largo.
KO making a corrective formation against the ascending trendlineToday we will speak about The Coca - Cola Company.
Main items we can see on the chart:
a) The price is making a corrective formation (yellow lines)
b) Currently that structure is supported on a previous resistance level + the bullish trendline
c) The next resistance zone we have is the previous ATH. That's why we are gonna use that level as a target
d) Our main view right now is: IF the price reaches the green horizontal line, we will take that as a confirmation for the bullish movement towards the next resistance level
Thanks for reading!
COCA-COLA CO. BOUNCE BACK TOWARDS FROM THE SUPPORT LINEThe Coca-Cola Co. (NYSE: KO) has been in a correction mode since August 16th, when it hit resistance at around 57.50. It hit the support line on Friday last week formed from the beginning of the year with Doji candle, and experts expect the market reaction today. Today's response is not late, as the action bounced off the support line with a solid green bar, with investors hoping for a new peak. Even though the stock is testing above the line, combined with the fact that oscillators detect downside momentum, experts nevertheless adopt a neutral stance.
Now, in order to get confidence that the uptrend has regained fuel, investors would like to see a recovery above 57.00, around August 16th. This could initially target the highs of July 21st and 27th, at 57.55, the break of which would take the stock into territories last tested in March 2020. The next resistance may be around February 2022, which if it doesn’t hold, could pave the way towards the peak of 60$ per share.
Shifting attention to short-term oscillators, we see that the RSI lies below 40 and points downward, while the MACD runs below both its zero and trigger lines, pointing down as well.
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American stocks KO
Coca-Cola stocks
In these stocks, there is a long-term uptrend in the weekly time
In daily time, we see that he twice attacked the $ 57 range and could not cross that range
In time h1, if it is seen that it is approaching its resistance in the range of $ 57 again, we will buy it because the probability of breaking the resistance is high and it can go up to the range of $ 60.
SL = 55.83
KO great risk/reward short setupBearish divergence on the daily RSI in perfect confluence with the top resistance of this rising wedge pattern gives a great risk/reward trade setup. I dont trade stocks personally, but i chart some stocks for a family member and found this rising wedge about a week ago, and just now confirming bearish divergence on the daily RSI. Just something I thought some people here may find interesting.
COCA-COLA The Coca-Cola Company appears to
be shaking off the effects of the
pandemic. Last year’s revenue and profit
downturns were largely attributable to
weakness in away-from-home channels, as
the health crisis kept people away from
restaurants, theaters, and other public
venues. Overall, unit case volume declined
6% in 2020, but trends improved in each of
the first three months of 2021. (Note that
March-quarter revenue rose 5%, though
the increase was entirely attributable to
this year’s period including five more days
than the prior one.) In fact, aided by share
gains in both the at-home and away-fromhome markets, volumes for the month of
March were back to pre-pandemic levels.
Too, the rollout of vaccines and subsequent
easing in social-distancing measures ought
to support further improvement over the
rest of 2021. (Results for the June quarter
are scheduled to be released on July 21st.)
Overall, we look for full-year earnings to
rebound 10%, on a high single-digit increase in organic revenues.
Coke is preparing an initial public offering for one of its bottling groups.
The company owns a 67% stake in CocaCola Beverages Africa, which accounts for
40% of the Coca-Cola products sold on the
continent. This move is consistent with the
beverage giant’s broader strategy in recent
years to shift most of its bottling operations to independent bottlers. In fact, management’s initial plan was to refranchise
these operations, but those efforts were
halted in 2019. The timing of the IPO is
partly contingent on market conditions,
but should be finalized within the next 15
months.
This stock hasn’t displayed much fizz
of late. It is trading essentially where it
began the year, and we don’t envision any
catalysts lighting a fire under these
neutrally ranked shares in the near term.
Meanwhile, this equity’s above-average
dividend yield and top mark for Price
Stability will likely pique the interest of
conservative investors. Note, though, that
the company is currently in a tax dispute
with the U.S. government, and we have
some concerns that an unfavorable outcome in this matter would necessitate a
reduction in our projections for increases
in the payout for the 3 to 5 years ahead.
Robert M. Greene July 16, 2021
EARNINGS PER SHARE /
2017 1.91
2018 2.08
2019 2.11
2020 1.95
2021 2.15
$KO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $KO after a Positive over reaction following its earnings release placing the stock in drift C
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Technical analysis update: KO (12th July 2021)The Coca Cola Company lacks a trend at the moment. This is reflected in low ADX value on daily timeframe. However, RSI, MACD and Stochastics are turning bullish. Support currently sits at 53.55 USD while resistance appears at 56.48 USD. We think there is potential for KO to resume its previous bullish trend and move above its resistance. Because of that we would like to update our medium term price target for KO to 56.50 USD.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
$KO - cup & handle breakout watchFirst breakout attempt failed and fall back below the cup rim.
Break out point - $57
Target 1 - $58
Target 2 - $59
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines .
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.